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FCA fines Barclays £42m for poor handling of financial crime risks

Barclays logo on a building
The fine has been imposed as a result of two separate incidents, the FCA has said. Photo: Peter Dazeley/Getty Images

Hameed Shuja

1 min read
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Incidents related to WealthTek and to Stunt & Co lead to huge fine.

Barclays, one of the UK’s largest banks, has been fined £42 million ($56.28) by the country’s financial regulator for what has been described as “poor handling of financial crime risks.”

The fine has been imposed “for separate instances of failings in its financial crime risk management – one relating to WealthTek andpress

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