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FCA Fines Santander UK £108 Million for Prolonged AML Breaches

FCA Fines Santander UK £108 Million for Prolonged AML Breaches

The United Kingdom’s Financial Conduct Authority (FCA) has fined Santander UK Plc more than £107.7 million for some severe lapses in anti-money laundering (AML) controls, the regulator announced on Friday.

The UK unit of Santander failed to properly oversee and manage its AML systems for almost five years, from 31 Dece... Read More

Posted: Dec 9 2022, 09:45
Author Name: financemagnates
Views: 110874

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