All Commerzbank London articles

  • Commerzbank
    Article

    Commerzbank fine demonstrates danger of AML lapses

    2020-07-16T17:57:00Z

    The Financial Conduct Authority’s fine of £37.8 million (U.S. $47.5 million) on Commerzbank’s London branch is a reminder that the most fundamental risk-based AML controls are still not being implemented at some financial services firms.

  • Commerzbank
    Article

    FCA fines Commerzbank London $47.4M for AML failures

    2020-06-17T16:45:00Z

    Commerzbank London will pay a £37.8 million (U.S. $47.4 million) penalty in a settlement with the U.K. Financial Conduct Authority for anti-money laundering systems and controls failures.