FCA fines Monzo Bank £21 million for anti-money laundering failings

9 July 2025

FCA fines Monzo Bank £21 million for anti-money laundering failingsSvet foto/Shutterstock.com

The UK Financial Conduct Authority (FCA) has fined Monzo Bank Ltd £21 million for having ‘inadequate’ financial crime systems in place between 2018 and 2022  – press release. According to the FCA, Monzo failed...

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Michael O'Kane

Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters & Peters and as a prosecutor. Michael was called…

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