FCA fines online bank Monzo £21 million for failings in financial crime controls
Monzo also repeatedly breached a requirement preventing it from opening accounts for high-risk customers between August 2020 and June 2022.
Monzo also repeatedly breached a requirement preventing it from opening accounts for high-risk customers between August 2020 and June 2022.
The CMA has today ordered Monzo bank to review the way it informs departing customers of their historic financial transactions.
The UK Competition and Markets Authority (CMA) warns Monzo over banking transaction history breaches.