Compliance Week10d
FCA fines Mako $2.1M for ineffective financial crime monitoring program
Mako Financial Markets Partnership will pay $2.1 million (1.7 million pounds) in penalties to the U.K. Financial Conduct ...
JD Supra1mon
AI and Machine Learning in Financial Crime Compliance
As financial crime risks evolve ... their risk and compliance functions.AI’s role in fraud detection and prevention has developed rapidly: the Bank of England and FCA’s third survey of ...
Compliance Week4d
FCA fine against Infinox Capital may signals widening risk for smaller financial services firms
The decision by the U.K.'s financial regulator to fine a small trading platform around ten percent of its annual profits ...
Money Marketing25d
FCA to seize over £500,000 from ex-Goldman Sachs analyst
The Financial ... demonstrating that crime does not pay.” The FCA prosecuted Zina in 2023 following concerns over insider trading. The regulator said Zina worked as an analyst at Goldman Sachs ...
MoneyWeek3mon
Metro Bank fined £16.7 million for financial crime failings
The fine comes just weeks after Starling Bank received a £29 million penalty from the FCA for ‘shockingly lax’ financial crime controls. An investigation by the regulator found that Metro ...