RegActions records a disclosed FCA monetary penalty of £16,675,200 dated 12 Nov 2024 for Metro Bank plc.
Case facts
| Firm or individual | Metro Bank plc |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 12 Nov 2024 |
| Penalty | £16,675,200 |
| RegActions breach classification | AML |
| Public case ID | f724cf99-3a9a-451a-b1b6-e718958837df |
Case summary
This Final Notice refers to breaches of PRIN 3 and associated SYSC rules relating to a lack of systems and controls concerning financial crime in the retail bank sector. We imposed a financial penalty.
Official evidence
This page meets the public case-page evidence threshold.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.