Metro Bank fined 16.6m by FCA over money laundering monitoring failuresMetro Bank was fined £16.6 million for inadequate systems to monitor money laundering risks affecting millions of transactions.Continuous oversights led to serious deficiencies in Metro Bank's financial crime prevention measures over four years.
Frankfurt to host new EU anti-money laundering agency DW 02/22/2024Frankfurt will host the EU's Anti-Money Laundering Authority.The new agency in Frankfurt will focus on combating money laundering and terrorist financing.