RegActions records a disclosed FCA monetary penalty of £16,000,000 dated 12 Nov 2024 for Metro Bank.
Case facts
| Firm or individual | Metro Bank |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 12 Nov 2024 |
| Penalty | £16,000,000 |
| RegActions breach classification | Financial crime and AML |
| Public case ID | 3b56af2a-746c-44cd-b14e-fd8747896181 |
Case summary
FCA fines Metro Bank £16m for financial crime failings Last updated: 05/12/2025 See all updates The FCA has fined Metro Bank PLC (Metro) £16,675,200. Between June 2016 and December 2020, Metro failed to have the right systems and controls to adequately monitor over 60m transactions, with a value of over £51bn, for money laundering risks.
Official evidence
This page meets the public case-page evidence threshold.
Continue your research
- Search the complete FCA fines database
- View FCA actions from 2024
- Compare enforcement actions in 2024
- Read the enforcement data methodology
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.