Jul 16, 12:51 PM

UK Watchdog Fines Barclays £42 Million Over Money Laundering Checks for Two Clients Including Major Case

The UK financial watchdog has imposed a £42 million fine on Barclays for failures in managing financial crime risks related to two clients. The penalty addresses lapses in the bank's anti-money laundering controls, including dealings with a client connected to one of Britain's largest money laundering cases. This enforcement action highlights deficiencies in Barclays’ risk management processes concerning financial crime compliance.

#UK #Barclays #Britain

Written with ChatGPT (GPT-4).

Sources

News24 🇿🇦@News24
5 months ago
Britain's financial watchdog on Wednesday said it had fined Barclays bank £42 million (R1 billion) for "poor handling of financial crime risks". | @News24_Business https://t.co/SoJN5C2q9g
CNN Economia@CNNEconomia
5 months ago
Órgão regulador do Reino Unido multa Barclays em 42 milhões de libras https://t.co/S1AcxIMAHy
WSJ Markets@WSJmarkets
5 months ago
Barclays has been fined roughly $56 million for lapses in dealings with risky customers, including a client tied to one of Britain’s biggest money-laundering cases https://t.co/MStUsqeU1O

UK Watchdog Fines Barclays £42 Million Over Money Laundering Checks for Two Clients Including Major Case

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