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FCA fines Al Rayan Bank over anti-money laundering failures

The Financial Conduct Authority (FCA) has imposed a £4.02m fine on Al Rayan Bank over laxity in anti-money laundering (AML) controls.

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FCA fines show focus remains on AML compliance

Recent fines issued to two banks by the Financial Conduct Authority (FCA) highlight the regulator’s continued focus on driving compliance with anti-money laundering (AML) requirements in UK financial services, an expert has said.

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