The UK's Financial Conduct Authority on 9 December said that it has fined Banco Santander's British arm £107.7m ($131.4m) for anti-money-laundering failures.
According to the FCA, Santander has failed to properly oversee and manage its AML systems between December 2012 and October 2017, which affected the accounts oversight of more than 560,000 business customers.
"Santander's...
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