The FCA is hitting Al Rayan Bank PLC (Al Rayan) with a £4,023,600 ($4,9m) fine for failing to demonstrate adequate anti-money-laundering (AML) controls within their services.
Between April 1, 2015 and November 30, 2017, Al Rayan failed to make appropriate checks on the money that was passing through the bank. It
Furthermore, the staff lacked