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The FCA said that some newer banks are failing to make proper checks on their customers to guard against financial crime. Photo:Toby Melville/Reuters
The Financial Conduct Authority (FCA) has criticised some new or 'challenger' banks over their ability to prevent financial crime.
The UK finance regulator found some challenger banks are âfailing to adequately check their customersâ income and occupation.â In some instances, these financial institutions did not have financial crim...
>>> Read more: FCA flags weak crime checks at challenger banks
The Financial Conduct Authority (FCA) has criticised some new or 'challenger' banks over their ability to prevent financial crime.
The UK finance regulator found some challenger banks are âfailing to adequately check their customersâ income and occupation.â In some instances, these financial institutions did not have financial crim...
>>> Read more: FCA flags weak crime checks at challenger banks
