This week, the FCA fined Starling Bank nearly £30 million, citing “shockingly lax” financial crime controls that left the bank vulnerable to illegal activities. The UK digital bank’s rapid growth since its 2016 launch highlighted severe compliance lapses, particularly in sanctions screening and AML procedures. … Read More
Banking
8 ways compliance software is paving the way for AML success in the banking industry
Digital transformation across the banking sector in the UK has placed compliance software at the forefront of most modern AML strategies. As the landscape of financial crime continues to evolve, the compliance strategies of banking firms must do the same. … Read More