This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

Monzo probed by UK financial watchdog for suspected money-laundering failures

By Annie Robertson ( July 30, 2021, 16:38 GMT | Insight) -- Online bank Monzo is under investigation in the UK for suspected money-laundering failures, it said today. The UK-based lender said that the Financial Conduct Authority probe relates to its "potential civil and criminal liability" between 2018 and 2021. The watchdog has made increasing efforts to fight dirty money flows through the UK’s financial-services sector, notably laying criminal charges against NatWest in March for similar failures.Online bank Monzo is under investigation by the UK's Financial Conduct Authority for suspected money-laundering failures, it said today....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections