Tag: Monzo Bank
Monzo AML fine signals scalable compliance era
In July 2025, the Financial Conduct Authority (FCA) fined Monzo Bank £21m for serious anti-money laundering (AML) control failings, marking one of the most...
Why AI is augmenting, not replacing, compliance teams
Artificial intelligence has moved rapidly from an experimental capability to a foundational pillar of RegTech, forcing financial institutions to reassess how compliance teams are...
The lesson behind Monzo’s £21m compliance failure
Monzo’s £21m fine by the Financial Conduct Authority (FCA) has become a stark reminder for the banking sector: scale without control is not success....
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