By Najiyya Budaly (July 30, 2021, 3:08 PM BST) -- Online lender Monzo said on Friday that the Financial Conduct Authority has launched a probe into its compliance with anti-money laundering rules after it revealed £130 million ($180 million) in losses for the financial year to February.
Online lender Monzo Bank has announced that the City watchdog has started an investigation into potential breaches of Britain's financial crime regulations. (Adrian Dennis/AFP via Getty Images) Monzo Bank Ltd. said that the City watchdog has started an investigation into potential breaches of Britain's financial crime regulation. The app-based "challenger" bank, which offers personal and business banking, said it is facing civil and criminal...
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!