The Financial Conduct Authority (FCA) has fined Standard Chartered Bank £102.2m for anti-money laundering (AML) breaches, representing the regulator's second largest financial penalty for AML control failings.
The regulator found "serious and sustained shortcomings" in the firm's AML controls. The failings related to customer due diligence and ongoing monitoring. The fine, revealed on Tuesday, followed investigations...
Two global vehicles
'Further plug advice gap'
Must appoint separate CEOs and boards
Advisers do come out well
Will report to Mark Till