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Tag: ad hoc

Barclays received £72 fine

Barclays Hit by £72 Million Fine For Slack Checks on Rich Clients

November 27, 2015AML, Banking, FinTech, KYC, PEPs, Politically Exposed Persons, UncategorizedCharlie Delingpole

Barclays was dealt the largest disgorgement penalty ever imposed by the FCA, after a damning report found that it was lax in checking rich politically exposed clients, who were part of an “elephant” £1.9 billion “deal of the century”, because…

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