UK FCA’s Bank Fine Underscores “Critical Role” in Compliance Enforcement, Sean Curran Tells Law360
October 8, 2024
White Collar Defense and Investigations partner Sean Curran was quoted in the Law360 article, “FCA's £29M Fine Of Starling Sends Wider Compliance Warning.” The article addresses the UK Financial Conduct Authority (FCA)’s fine against a digital challenger bank for inadequate anti-money laundering and sanctions controls, the largest fine issued by the regulator so far in 2024.
“This outcome highlights the FCA’s critical role in enforcing sanctions compliance alongside other financial crime controls, especially at a time when the UK's broader enforcement of financial sanctions breaches has been seen as underwhelming,” Curran said.
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