By Kyle Brasseur2024-02-23T12:14:00
Lloyds is the latest U.K. financial institution being probed by the Financial Conduct Authority (FCA) regarding its anti-money laundering control framework.
The banking group disclosed in its annual report Thursday that the agency opened an investigation into its “compliance with domestic U.K. money laundering regulations and the FCA’s rules and principles for businesses.” The probe remains ongoing.
Lloyds said it is cooperating and that it could not estimate any potential financial impact.
2024-04-30T17:25:00Z By Neil Hodge
Lloyds Banking Group is cutting jobs in its risk management function after an internal review reportedly found it was a “blocker” to the organization’s strategic transformation.
2024-02-21T18:49:00Z By Jeff Dale
Barclays Bank disclosed an investigation by the U.K. Financial Conduct Authority into the bank’s anti-money laundering controls has closed without a penalty.
2024-02-13T19:17:00Z By Jeff Dale
The U.K. Financial Conduct Authority issued a fine of £31,800 (U.S. $40,000) against a former compliance director at London Capital & Finance for allegedly approving misleading promotions that led to investor deception.
2025-10-20T18:07:00Z By Adrianne Appel
Three executives of a multinational voting machine company in the crosshairs of President Donald Trump since 2020 have been indicted in Florida by the U.S. Department of Justice for allegedly paying $1 million in bribes to the Philippines top election official.
2025-10-20T17:29:00Z By Ruth Prickett
U.K. motor finance companies are preparing to pay billions in compensation after a Supreme Court ruling found they sold unfair car loans over many years, failing to disclose key information and denying consumers the chance to compare deals or negotiate.
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.
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