Starling Bank, Financial Conduct Authority and Goldman
Goldman-backed Starling Bank fined $38.5 million for 'shockingly lax' financial crime controls
London's Financial Conduct Authority said it has fined Starling "for financial crime failings related to its financial sanctions screening."
Starling Bank faces £29M fine from FCA over financial crime failings, raising IPO prospects concerns
Starling Bank fined £29 million for financial crime control failures, including sanctions breaches and onboarding high-risk customers. Despite the fine, Starling remains an IPO candidate.
Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures
London’s Financial Conduct Authority said it has fined Starling “for financial crime failings related to its financial sanctions screening.”
Starling Bank fined £29m for financial crime ‘failings’
The Financial Conduct Authority (FCA) has fined Starling Bank £29m for financial crime failings related to its financial sanctions screening.
Starling Bank slapped with £29 million fine over ‘shockingly lax’ financial crime controls
The Financial Conduct Authority has fined Starling Bank £29 million over failings related to financial crime and its financial sanctions screenings
Starling Bank fined 29 million pounds for "shockingly lax" financial crime controls
Britain's financial watchdog has fined Starling Bank 29 million pounds ($38.5 million) after finding the digital lender's anti-money laundering controls and sanctions screening systems left the financial system "wide open to criminals".
Starling Bank fined $39 million for ‘facilitating financial crime’
Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial Conduct Authority (FCA) found the startup didn’t have proper financial crime controls from 2021 to 2023.
Starling Faces $38 Million Fine for Breaches Over Financial Crime Failings
U.K. financial regulators fined Starling Bank over $38 million for failures in financial crime prevention. The Financial Conduct Authority imposed the fine for breaches in Starling's financial sanctions screening system and opening accounts for high-risk customers.
Volatility now a constant factor, says UK markets regulator
Global regulators and financial institutions have to be prepared for an "era of predictable volatility" in markets, but have ...
Investment Week34m
FCA CEO Nikhil Rathi: 'UK markets stay relevant because we are always open to reform'
UK markets must remain open to reform to remain competitive, Nikhil Rathi, the Financial Conduct Authority's chief executive, has said.
Drivers made to wait until December 2025 on car finance claim responses
Regulators are pushing back the deadline for firms to respond to complaints, amid an investigation over potential mis-selling ...
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DB redress payments continue to fall amid high yields
Compensation payments due to people who were wrongly advised to transfer out of their defined benefit (DB) pensions have fallen to record lows, according to a quarterly update from Broadstone ...
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The UK Introduces a New Reimbursement and Compliance Monitoring Regime for Authorised Push Payment Scams
Our UK Financial Services Group examine the UK’s new mandatory reimbursement rules that will require payment service providers (PSPs) to ...
‘Pension pot plundering’ will leave people penniless in old age – Hargreaves Lansdown
Many people are routinely taking 8 percent a year out of their pension pot nest eggs which is double the proportion recommended.
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UK’s Financial Conduct Authority (FCA) Announces Work into Pure Protection Market
The UK’s Financial Conduct Authority (FCA) intends to launch a market study into how pure protection insurance products ...
S&U fires barbs at regulator after motor finance probe dents profit
Specialist lender S&U has attacked the FCA in its interim results release after profit at its Advantage motor finance arm ...