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Now it's Monzo's turn

lon_don
Posts: 136 Forumite


https://www.fca.org.uk/news/press-releases/fca-fines-monzo-21m-failings-financial-crime-controls
Starling and Revolut less lonely now.
Starling and Revolut less lonely now.
1
Comments
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“'Monzo onboarded customers on the basis of limited, and in some cases, obviously implausible information – such as customers using well known London landmarks as an address. This illustrates how lacking Monzo's financial crime controls were. This was compounded by its inability to properly comply with the requirement not to onboard high-risk customers.'”
Hah, hah, hah!4 -
wmb194 said:“'Monzo onboarded customers on the basis of limited, and in some cases, obviously implausible information – such as customers using well known London landmarks as an address. This illustrates how lacking Monzo's financial crime controls were. This was compounded by its inability to properly comply with the requirement not to onboard high-risk customers.'”
Hah, hah, hah!
0 -
lon_don said:wmb194 said:“'Monzo onboarded customers on the basis of limited, and in some cases, obviously implausible information – such as customers using well known London landmarks as an address. This illustrates how lacking Monzo's financial crime controls were. This was compounded by its inability to properly comply with the requirement not to onboard high-risk customers.'”
Hah, hah, hah!
Let's Be Careful Out There3 -
lon_don said:wmb194 said:“'Monzo onboarded customers on the basis of limited, and in some cases, obviously implausible information – such as customers using well known London landmarks as an address. This illustrates how lacking Monzo's financial crime controls were. This was compounded by its inability to properly comply with the requirement not to onboard high-risk customers.'”
Hah, hah, hah!0 -
wmb194 said:“'Monzo onboarded customers on the basis of limited, and in some cases, obviously implausible information – such as customers using well known London landmarks as an address. This illustrates how lacking Monzo's financial crime controls were. This was compounded by its inability to properly comply with the requirement not to onboard high-risk customers.'”
Hah, hah, hah!0
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