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Tag: Barclays

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…

Commission Comes Down Hard on Directors’ Anti-Money Laundering Failings

November 27, 2015AML, Anti-Terrorist Financing, FinTech, PEPs, Politically Exposed PersonsCharlie Delingpole

It was recently found that the biggest worry for regulatory, compliance and anti-money laundering staff is the risk that they could go to jail if they fail to stop rogue colleagues breaking the law. A case emerging from Guernsey this October…

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