Follow TopicFollow Contributor Share Feedback
Santander UK Fined £108m for Faulty Controls

Santander UK Fined £108m for Faulty Controls

by Starling Insights

Starling Insights Editorial Board

Observations

Santander UK was recently fined £108 million by the UK Financial Conduct Authority (FCA) after an investigation revealed "serious and persistent gaps" in its money laundering controls. According to the FCA, the bank failed to oversee more than 560,000 business customers properly between December 2012 and October 2017.

This content is for Members and registered Observers only

Members have full access to all articles and related content from past Compendium and Starling's regular updates and reports.

Observers can access a limited number of articles and may purchase articles on an ala carte basis.

Join The Discussion

See something that doesn't look quite right?

We strive to provide high quality and accurate content at all times. With that said, we realize that sometimes links break, new information becomes available, or there is something that you feel we may have missed.

If you see something that you think we should be aware of, we would love to hear from you. Feel free to drop us a note below and leave your name and contact info if you'd like to hear back from us.

Thank you for being a key part of the Starling Insights community!