By Jeff Dale2024-02-21T18:49:00
Barclays disclosed an investigation by the U.K. Financial Conduct Authority (FCA) into the bank’s anti-money laundering (AML) controls closed.
In an annual report filing Tuesday, Barclays said the investigation delved into the bank’s “compliance with U.K. money laundering regulations and the FCA’s rules and principles for businesses.” The probe was focused on “transaction monitoring in relation to certain business lines now in Barclays Bank UK PLC.”
In February 2023, the Financial Times reported the FCA issued a notice in 2022 for an independent review into the bank’s systems to detect and mitigate financial crime following a “concerning” rise in the volume of relatively minor know your customer and AML incidents.
2024-02-28T18:26:00Z By Kyle Brasseur
The U.K. Financial Conduct Authority will rein in its enforcement focus and commit to providing more updates on its ongoing investigations as part of a revamped strategy designed to quicken the pace and increase the deterrent impact of its cases.
2024-02-28T13:17:00Z By Ruth Prickett
Financial firms continue to flout rules designed to protect investors from being misled about the true value of financial products, according to a recent bulletin from the U.K.’s Financial Conduct Authority.
2024-02-23T12:14:00Z By Kyle Brasseur
Lloyds is the latest U.K. financial institution being probed by the Financial Conduct Authority regarding its anti-money laundering control framework.
2025-10-17T21:09:00Z By Oscar Gonzalez
Even though the U.S. federal government is currently shut down, the U.S. Securities and Exchange Commission appears to still be at work. The financial regulator is reportedly investigating a major insurance and asset management company over its accounting practices.
2025-10-16T20:38:00Z By Neil Hodge
Europe’s massive financial sector has become a magnet for illicit money flowing through its banks and markets. A new EU agency will be taking the problem head-on to fight against money laundering.
2025-10-08T18:28:00Z By Adrianne Appel
Charlie Javice, a former CEO who duped JPMorgan Chase into purchasing her start up company for $175 million, has been ordered to forfeit more than $22 million by the Department of Justice (DOJ) and to spend 7 years in jail.
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