UK watchdog fines Monzo £21mn for ‘falling far short’ on financial crime
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK financial regulator has fined Monzo £21mn for repeatedly breaching rules against opening accounts for “high-risk customers” after the digital bank took on clients with “obviously implausible information”. The Financial Conduct Authority started reviewing … Read more