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

pymnts.com/news/regulation/2025/fca-fines-monzo-28-million-dollars-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.

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The U.K.’s Financial Conduct Authority (FCA) announced the fine in a Tuesday (July 8) press release. The fine covers a period…

This story appeared on pymnts.com, 2025-07-08 14:44:19.
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