Barclays notches up four fines for financial crime control failings in ten years

The bank has been fined for the third and fourth times in a decade for poor financial crime controls - in breaches that could have been avoided by basic steps such as checking the FCA register.

By Neasa MacErlean

The current fines, totalling £42 million, relate to the opening and servicing of business accounts for two corporate clients, each of which has been the subject of a criminal investigation.