(CNBC) U.K. financial regulators hit British digital lender Starling Bank with a $38.5 million) fine over failings related to its financial crime prevention systems. In a statement on Wednesday, London’s Financial Conduct Authority said it had fined Starling “for financial crime failings related to its financial sanctions screening.” Starling also repeatedly breached a requirement not to open accounts for high-risk customers.
Goldman-backed Starling Bank fined $38.5 million for ‘shockingly lax’ financial crime controls
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