On 17 June 2020, the London branch of Commerzbank AG (“Commerzbank London”) was fined £37,405,400 by the Financial Conduct Authority (“FCA”). The FCA’s fine against Commerzbank emphasises a continued focus on Anti-Money...more
7/15/2020
/ Anti-Money Laundering ,
Commerzbank ,
Compliance ,
Financial Conduct Authority (FCA) ,
Fines ,
Intermediaries ,
Money Laundering ,
Policies and Procedures ,
Politically Exposed Person (PEPs) ,
Risk Assessment ,
Tone At The Top ,
Transaction Monitoring ,
UK