Three more banks are being investigated by the Financial Conduct Authority (FCA) over money laundering, it has revealed.
The Financial Conduct Authority (FCA) has fined EFG Private Bank (EFG) £4.2m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) controls for high risk customers.
Britain's largest bank HSBC has set aside an extra $800m to cover settlements for breaching anti money-laundering rules in the US.
The Financial Services Authority (FSA) has fined Turkish Bank (UK) Ltd £294,000 for breaching the Money Laundering Regulations 2007 over a two-and-a-half year period.
The Financial Services Authority (FSA) has fined Coutts & Company £8.75m for failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls.
Police have arrested three men on suspicion of fraud and money laundering after The Pensions Regulator (TPR) received complaints about pension transfers last year.
Four senior staff at Tudor Capital Management have been charged with stealing £5m through tax fraud targeting the pension industry.
Andrew Meeson, the president of the Association of Tax Technicians (ATT), has stepped down from his post due to money laundering investigation.
Two members of staff at a Department for Work and Pensions (DWP) office have been arrested following a police raid.