FCA fines Gatehouse Bank £1.58 million

Reported by: Rommel Lontayao The Financial Conduct Authority (FCA) has fined Gatehouse Bank £1,584,100 for failure to conduct sufficient checks on its customers based in countries with a higher risk of money laundering and terrorist financing between June 2014 and July 2017. The regulator said Gatehouse also failed to undertake the correct checks when some […]