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FCA fines Monzo £21.1m for financial crime control failures

By Josh White

Date: Tuesday 08 Jul 2025

(Sharecast News) - Monzo Bank was fined £21.1m by the Financial Conduct Authority on Tuesday, for serious failures in its financial crime controls between October 2018 and August 2020.
The regulator found that Monzo's systems and processes did not keep pace with its rapid customer growth and product expansion, leaving the...

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