Money Laundering Bulletin
Commerzbank London fined UK£37.8 million for nearly five years of AML breaches
The London branch of German lender Commerzbank is to pay a UK£37,805,400 penalty after the UK Financial Conduct Authority
(FCA) found widespread AML failings in its know your customer (KYC) and monitoring framework between 23 October 2012 and 29
September 2017. [1]