Banks fined by FCA for failures in anti-money laundering systems and controls
The FCA has made it clear that they will continue to demand greater vigilance and enforcement, challenging banks to step up their focus on regulatory compliance.
banks
HSBC fined £63.9m for AML failures
In December 2021, the UK financial regulator fined HSBC a charge of £64m and rebuked the bank for “serious weaknesses” in its AML controls in recent years.