On November 9, 2023, Metro Bank was added to the Financial Crime Watchlist by the UK regulator, the Financial Conduct Authority (FCA), due to failures in Financial Crime Compliance.
To know more, click here https://www.fcctimes.com/2023/11/12/setback-for-metro-bank-added-to-fcas-financial-crime-watchlist-amidst-refinancing-efforts/?utm_source=RZOLUTWebsite&utm_medium=FCCFlash21Nov
The FCA is currently scrutinizing Metro’s financial crime risk management and expressing concerns about the effectiveness of controls over its online account provisions. Companies on the regulator’s watchlist pose a higher risk to statutory objectives and are subject to enhanced supervision by senior officials.
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