Starling Bank fined $39M for ‘facilitating financial crime’

Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial Conduct Authority (FCA) found the startup didn’t have proper financial crime controls from 2021 to 2023. Starling has been around for more than a decade. […] © 2024 TechCrunch. All rights reserved. For personal use only.

Tomas Kauer - News Moderator Tomas Kauer - News Moderator
Oct 3, 2024 - 11:00
Starling Bank fined $39M for ‘facilitating financial crime’
Starling Bank, a popular challenger bank based in the U.K., has received a £29 million fine from the country’s financial regulator (around $39 million at current exchange rates). The Financial Conduct Authority (FCA) found the startup didn’t have proper financial crime controls from 2021 to 2023. Starling has been around for more than a decade. […] © 2024 TechCrunch. All rights reserved. For personal use only.