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Monzo

August 8, 2025
Challenger bank fined heavily for allowing implausible customer IDs

The so-called ‘digital challenger bank’ Monzo, which offers personal current accounts through smartphone apps without using a branch network, has been fined GBP21 million for having inadequate anti-financial crime systems and anti-money laundering controls between October 2018 and August 2020. The bank’s customer base had substantially The number of increased during the period, and it...

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Leeds: 94 Street Lane, Leeds

Batley: 504B Bradford Road, WF17 5JY

Bradford: 22 Muirhead Drive, Bradford, BD4 0HJ

Birmingham: 9 Sheaf Lane, Coventry Road, Birmingham

London: Suite 2462, Unit 3A,34-35 Hatton Garden,London, EC1N 8DX

OUR LOCATIONSWhere to find us
https://careaccountancy.co.uk/wp-content/uploads/2019/04/img-footer-map.png
GET IN TOUCHCare Accountancy Social Links

 

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