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FCA finds weaknesses in challenger banks’ financial crime controls, here’s what the experts said

By Gaia Lamperti

April 27, 2022

  • Challenger Banks
  • Digital Banks
  • Encompass Corporation
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A recent review conducted by the Financial Conduct Authority (FCA), and published online, has found that some challenger banks have significant weaknesses within their financial crime controls, and need to improve how they assess financial crime risk. Some failed to adequately check their customers’ income and occupation. In some instances, challenger banks did not have […]

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