Barclays Bank Penalized £42 Million for Financial Crime Risk Violations, ETLegalWorld
Britain’s financial watchdog on Wednesday said it had fined Barclays bank £42 million ($56 million) for “poor handling of financial crime risks“. The Financial Conduct Authority said in a statement that the fine was “for separate instances of failings in its financial crime risk management” between 2015 and 2023. A Barclays spokesperson said the British…