Britain's financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for inadequate protection ...

Digital bank Monzo accepted customers claiming to live at 10 Downing Street, Buckingham Palace and even its own premises, an ...

Monzo has been fined £21m by the Financial Conduct Authority (FCA) for its failures regarding anti-financial crime measures.

Monzo fined after customers put Buckingham Palace and No 10 as home addresses - The Financial Conduct Authority found ...

The UK financial regulator has fined Monzo £21mn for repeatedly breaching rules against opening accounts for “high-risk customers” after the digital bank took on clients that provided “obviously ...

Britain's Financial Conduct Authority has fined the online bank Monzo the equivalent of more than $28 million for failing to ...

Monzo Bank has been fined £21million for 'inadequate anti-financial crime systems' spanning a period between October 2018 and ...

FCA mentioned that Monzo's address verification controls were inadequate, as they failed to verify all beneficial owners and ...

Monzo has been fined £21m by the FCA after allowing fraudsters to open accounts using implausible addresses including ...

The bank failed to maintain adequate anti-financial crime systems and controls from October 2018 to August 2020.

Britain’s digital bank Monzo has been fined £21 million (€25 million) for failing to prevent financial crime, after it ...

LONDON (Reuters) - Britain's financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for ...