'Serious and persistent gaps' are uncovered in the anti-money laundering controls of the UK arm of the Spanish bank.

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Financial Conduct Authority found ‘serious and persistent gaps’ in bank’s controls Santander UK has been fined more than £100m after an investigation by the British financial watchdog found “serious and persistent gaps” in its money-laundering controls, resulting in hundreds of millions of pounds of suspicious transactions through customer accounts. The Financial Conduct Authority (FCA) imposed the...

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