FCA Fines Monzo $28.5 Million for Accepting ‘Implausible’ Customer Info

Monzo, a digital bank in the United Kingdom, was fined 21,091,300 pounds (about $28.5 million) for deficient financial crime controls. [contact-form-7] The U.K.’s Financial Conduct Authority (FCA) announced the fine in a Tuesday (July 8) press release. The fine covers a period between…