Business

UK fines Barclays Bank £42m over anti-money laundering failures

Barclays Bank PLC has been hit with a £42 million fine by the United Kingdom’s Financial Conduct Authority for serious lapses in anti-money laundering controls related to their dealings with WealthTek and Stunt & Co. The FCA said Barclays Bank UK PLC failed to collect adequate information to assess money laundering risks before opening a […]