
FCA Fines Starling Bank £29M (US$35M) for Lapses in Financial Crime Controls
The FCA has fined Starling Bank US$35M for serious failings in its financial crime systems, including breaches in anti-money laundering and sanctions screening. The bank opened over 54,000 accounts for high-risk customers and failed to properly screen against financial sanctions since 2017.
October 03, 2024