Basic Search  |  Summaries  |  Advanced SearchPenalty: £3,503,546
Year: 2024
Date: 25 July, 2024
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: CB Payments Limited agreed to a fine of £3,503,546 by the FCA for repeatedly breaching a requirement that prevented the firm from offering services to high-risk customers, showing lack of due skill, care and diligence in setting up controls the company agreed to put in place to control financial crime.
Settlement Type: Settlement with FCA
Agency: Financial Conduct Authority
Source of Data: (click here)