The United Kingdom's Financial Conduct Authority imposed a £5.8 million fine on the London, U.K.-based bank for failing to conduct adequate enhanced due diligence when establishing certain business relationships and for failure to implement ongoing enhanced monitoring, and risk-based controls.
June 23, 2022
The Financial Conduct Authority penalized the London, U.K.-based insurance broker for failing to have adequate financial control processes in place to prevent millions of pounds in bribery-linked transactions.
June 22, 2022