Tags Fines

Tag: fines

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FCA fines AI Rayan Bank £4m for AML failings

The UK’s Financial Conduct Authority (FCA) has fined another financial institution for anti-money laundering (AML) failings.

Small firms could be next for off-channel communication fines

RegTech company SteelEye has warned that small companies will soon be in the firing line for fines for failing to comply with off-channel communication.

5 US investment banks face $1bn in fines

Five US investment bank giants are reportedly faced with $1bn in fines for failing to monitor employees using unauthorised messaging apps.

Payment Systems Regulator fines five companies in prepaid card cartel

The UK’s Payment Systems Regulator (PSR) has issued fines to Mastercard, allpay, Advanced Payment Solutions, Prepaid Financial Services and Sulion.

FCA slapped UK finance firms with £568m in fines in 2021

During a year of heightened financial crime, the Financial Conduct Authority (FCA) handed out £568m in fines during 2021.

Annual GDPR fines exceed €1bn for first time

Annual General Data Protection Regulation (GDPR) fines exceeded €1bn for the first time since the regulation was implemented in 2018, Atlas VPN claims.

Value of AML fines grow fivefold in 2020

There were 45 fines for AML failures issued globally during 2020, which matched the levels of 2019, and 2021 looks set to match this figure, according to a report from Kroll.

FCA fines Barclays £26m for how the bank treated credit customers

Barclays has been slammed with a £26m fine after a City watchdog found that it treated consumer credit customers who experienced financial difficulties poorly.

Anti-money laundering and know your customer fines totalled $5.6bn so far...

The total value of fines issued so far in 2020 against companies failing to comply with anti-money laundering and know your customer rules totalled $5.6bn, with APAC regulators dramatically increasing their sanctions.

Global money laundry fines totalled $8.14bn in 2019

From: RegTech Analyst The number of money laundering fines around the world doubled in 2019, according to new research from Encompass, the RegTech startup. The company found...

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