As financial crime grows in scale, speed, and sophistication, banks are increasingly turning to artificial intelligence, ...

The financial watchdog has fined banking giant Barclays £42m over its “poor handling” of financial crime risks. The Financial Conduct Authority (FCA) said fines related to separate failings linked to ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. For five years from 2016, Nationwide had ineffective systems ...

Cable’s effectiveness testing platform is in demand by more customers, with regulatory scrutiny and volatility escalating across the banking landscape. SAN FRANCISCO & LONDON--(BUSINESS WIRE)--Cable, ...

Corporate finance firms play a key role as gatekeepers of financial crime risk. This should be recognised through a commitment to effective financial crime systems and controls. Corporate finance ...

In July 2025, the FCA issued another multi-million pound fine for weaknesses in customer onboarding and transaction monitoring. Many financial services firms will recognise the issues exposed.

Central to the SEON platform is the use of AI-supported analytics in FYC (customer onboarding and due diligence) and AML ...

LONDON (Reuters) -Britain's financial regulator has fined digital bank Monzo 21 million pounds ($28.57 million) for inadequate protection against financial crime, which included taking on customers ...

Gulf Cooperation Council (GCC) countries are facing a sharp escalation in cyber-enabled financial crime, as rapid digital ...

The UK Financial Conduct Authority (FCA) has published its findings from a recent survey on financial crime controls in corporate finance firms not required to submit financial crime data returns. The ...