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Tag: FCA

FCA Fines Monzo Bank £21 Million for Anti-Financial Crime Failures: A Wake-Up Call for the UK Banking Sector

The UK Financial Conduct Authority (FCA) has recently imposed a hefty fine of £21,091,300 on Monzo Bank Ltd for...

Are EMIs Independent of Banks? A Deep Dive into the Future of Electronic Money Institutions

The rise of Electronic Money Institutions (EMIs) has reshaped digital payments, offering fast, low-cost alternatives to traditional banking services....