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

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

The FCA has fined Monzo Bank Ltd £21,091,300 for its inadequate anti-financial crime systems and controls between October 2018 and August 2020. Monzo also repeatedly breached a requirement preventing ...

Monzo fined over £21m after financial crime controls ‘fell far short’ - The FCA said Monzo’s financial crime systems and ...