Santander UK Plc (Santander) is facing a £107,793,300 ($131,992,444) fine after serious anti-money-laundering (AML) failings. The Financial Conduct Authority (FCA) found significant and persistent gaps in the bank’s anti-money-laundering (AML) controls connected to their business banking customers.
The FCA found that, between December 2012 and October 2017, the bank failed to effectively
The investigation