Metro Bank hit with £16.7m fine for inadequate monitoring of £51bn worth of transactions
2025-05-10 19:44:30
Metro Bank has been hit with a hefty £16.7m fine by the Financial Conduct Authority (FCA) for its failure to adequately monitor transactions for potential financial crime risks.
The City watchdog revealed that Metro Bank had inadequately monitored over 60 million transactions, totalling a value of £51bn, for money laundering risks between June 2016 and December 2020, as reported by City A
