FCA investigation Archives - The Industry Spread

FCA Fines Standard Chartered Bank £102.2 Million for Poor AML Controls

April 15, 2019

The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA.