Vanquis Bank escapes fine in UK; case highlights compliance lessons
By Martin Coyle ( September 9, 2025, 10:24 GMT | Comment) -- UK-based Vanquis Bank may have escaped with just a rap over the knuckles for sanctions breaches, but the case demonstrates that poor compliance can lead to scrutiny. While OFSI declined to fine the bank, it said that several factors warranted the issue being made public, including its failure to act swiftly when told a customer faced potential sanction.UK-based Vanquis Bank may have escaped with only a rap over the knuckles for sanctions breaches, but the case demonstrates that poor compliance can lead to scrutiny....
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