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Barclays Bank fined GBP42 million over money laundering failures

By Phoebe Seers ( July 16, 2025, 09:18 GMT | Insight) -- Barclays Bank has been fined a total of 42 million pounds ($56.3 million) by the UK's financial markets watchdog over failings in its money laundering processes. The Financial Conduct Authority said it had fined the UK bank 39 million pounds for receiving millions of pounds in criminal proceeds into the bank account of a business owned by UK socialite James Stunt. It also fined Barclays 3.09 million pounds for money laundering failings related to WealthTek, a wealth manager owned by racehorse owner John Dance.Barclays Bank has been fined a total of 42 million pounds ($56.3 million) by the UK's financial markets watchdog over failings in its money laundering processes....

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