Metro Bank has been fined £16.7 million by the Financial Conduct Authority (FCA) after an automated system the brand setup to monitor transactions failed to spot potential cases of financial crime.

Struggling Metro Bank has been fined £16m for poor money laundering controls. The Financial Conduct Authority (FCA) said the challenger bank failed to have the right systems and controls to ...

Metro Bank Holdings Plc was fined £16.7 million ($21.4 million) by the UK’s Financial Conduct Authority for failing to adequately monitor billions of pounds worth of transactions for money ...

Metro Bank has been given a hefty fine for financial crime failings. (Photographer: Simon Dawson/Bloomberg via Getty Images) Metro Bank has been fined over £16.7m by the City watchdog for failing ...

LONDON, Nov 12 (Reuters) - Britain's Financial Conduct Authority (FCA) has fined Metro Bank (MTRO.L), opens new tab 16 million pounds ($20.51 million) for failings in its anti-money laundering ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Metro Bank has been fined almost £17mn by the UK financial watchdog for failing to fix “serious ...

Metro Bank Holdings PLC (MTRO) Board Update 12-Nov-2024 / 15:29 GMT/BST ...

Metro Bank has been fined £16.6 million by regulators for failings over money laundering controls from 2016 to 2020. The issues, which continued for four years despite concerns being raised by ...

Britain's Financial Conduct Authority (FCA) has fined Metro Bank £16m for failings in its anti-money laundering controls, in the latest blow to the struggling mid-sized lender. The bank failed to ...