Santander UK fined £108m over money laundering failings

Santander UK fined £108m over money laundering failings

BBC·2022-12-09 18:01

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Santander has been fined £107.8m over "serious and persistent gaps" in its anti-money laundering controls which opened the door to "financial crime".

The financial watchdog said the bank "failed to properly oversee and manage" systems aimed at verifying information provided by business customers.

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Bank Money laundering