AML fines often dominate headlines, with regulators across the globe issuing increasingly large penalties for failures in financial crime controls. But while these figures attract
The value of FCA fines for Financial Crime failings has more than doubled in 2025 for the 2nd year in a row. The numbers of
On 8 April 2025, the Bank of Lithuania imposed a €3.5 million penalty on Revolut Bank UAB – the largest penalty ever for the neobank
The UK’s Financial Conduct Authority (FCA) significantly increased its supervisory activity on firms’ anti money laundering and terrorist financing (AML/CTF) controls in the 2023-24 reporting
Those of you who were in the payments space pre-COVID, might remember my industry talks about ‘Why the World Needs Money Laundering’. The world has
The Financial Conduct Authority (FCA) recently levied a substantial £16,675,200 fine against Metro Bank PLC (Metro) for significant shortcomings in its financial crime prevention systems
The recent £29 million fine imposed on Starling Bank by the Financial Conduct Authority (FCA) for financial crime failings offers important lessons for businesses in
In a recent move, the Financial Conduct Authority (FCA) has taken a significant step in addressing the prevalent anti-money laundering (AML) shortcomings among Annex 1
In a recent development, the Financial Conduct Authority (FCA) has fined ADM Investor Services International Limited (ADMISI), a prominent broker, a staggering £6,470,600. This substantial
In today’s fast-paced business environment, financial crime is becoming an increasingly significant concern for firms of all sizes. Activities such as money laundering, fraud, and