Starling Bank, financial conduct authority
Starling Bank fined 29 mln pounds for "shockingly lax" financial crime controls
Britain's financial watchdog has fined Starling Bank 29 million pounds ($38.5 million) after finding the digital lender's anti-money laundering controls and sanctions screening systems left the financial system "wide open to criminals".
Starling Bank faces £29M fine from FCA over financial crime failings, raising IPO prospects concerns
Starling Bank fined £29 million for financial crime control failures, including sanctions breaches and onboarding high-risk customers. Despite the fine, Starling remains an IPO candidate.
Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures
London’s Financial Conduct Authority said it has fined Starling “for financial crime failings related to its financial sanctions screening.”
Starling Bank fined £29m for financial crime ‘failings’
The Financial Conduct Authority (FCA) has fined Starling Bank £29m for financial crime failings related to its financial sanctions screening.
Starling Bank slapped with £29 million fine over ‘shockingly lax’ financial crime controls
The Financial Conduct Authority has fined Starling Bank £29 million over failings related to financial crime and its financial sanctions screenings
Starling Bank fined 29 million pounds for "shockingly lax" financial crime controls
Britain's financial watchdog has fined Starling Bank 29 million pounds ($38.5 million) after finding the digital lender's anti-money laundering controls and sanctions screening systems left the financial system "wide open to criminals".
Goldman-backed Starling Bank fined $38.5 million for 'shockingly lax' financial crime controls
London's Financial Conduct Authority said it has fined Starling "for financial crime failings related to its financial sanctions screening."
Starling Bank fined $39 million for ‘facilitating financial crime’
Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial Conduct Authority (FCA) found the startup didn’t have proper financial crime controls from 2021 to 2023.
Starling Faces $38 Million Fine for Breaches Over Financial Crime Failings
U.K. financial regulators fined Starling Bank over $38 million for failures in financial crime prevention. The Financial Conduct Authority imposed the fine for breaches in Starling's financial sanctions screening system and opening accounts for high-risk customers.
The Tech Report1d
Crypto Firm BCB Group Cleared in FCA Probe, Makes Plans to Expand UK Regulatory Licence
BCB is now in talks with the FCA to expand its regulatory license. This development suggests that the company is positioning ...
Drivers made to wait until December 2025 on car finance claim responses
Regulators are pushing back the deadline for firms to respond to complaints, amid an investigation over potential mis-selling ...
JD Supra10h
The UK Introduces a New Reimbursement and Compliance Monitoring Regime for Authorised Push Payment Scams
Our UK Financial Services Group examine the UK’s new mandatory reimbursement rules that will require payment service providers (PSPs) to ...
UK watchdog wins appeal over $700 mln client redress plans in BlueCrest case
Britain's Financial Conduct Authority (FCA) won an appeal on Wednesday in its bid to impose a more than $700 million redress ...
Crowdfund Insider12d
UK’s Financial Conduct Authority (FCA) Announces Work into Pure Protection Market
The UK’s Financial Conduct Authority (FCA) intends to launch a market study into how pure protection insurance products ...
Libor, Once a Bedrock of Global Finance, Is Now Officially Dead
It took more than a decade but Libor, the benchmark borrowing rate at the heart of a rigging scandal that blew up in the early 2010s, is now officially no more. A Libor rate was used for the last time ...