{"id":317,"date":"2018-06-06T14:16:48","date_gmt":"2018-06-06T18:16:48","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=317"},"modified":"2024-03-15T08:56:02","modified_gmt":"2024-03-15T12:56:02","slug":"united-kingdom-regulated-bank-fined-896100-for-sanctions-failings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2018\/06\/06\/united-kingdom-regulated-bank-fined-896100-for-sanctions-failings\/","title":{"rendered":"United Kingdom &#8211; regulated bank fined \u00a3896,100 for sanctions failings"},"content":{"rendered":"<p>The UK&#8217;s Financial Conduct Authority has today <a href=\"https:\/\/www.fca.org.uk\/news\/press-releases\/fca-fines-and-imposes-restriction-canara-bank-anti-money-laundering-systems-failings\">issued a Final Notice<\/a> against Canara Bank.<\/p>\n<p>The bank was fined \u00a3896,100 and prevented from accepting deposits from new customers for 147 days.<\/p>\n<p>The fine relates to inadequacies in the bank&#8217;s KYC compliance including sanctions screening. The bank cooperated with the FCA and qualified for a 30% discount on the fine.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The UK&#8217;s Financial Conduct Authority has today issued a Final Notice against Canara Bank. The bank was fined \u00a3896,100 and prevented from accepting deposits from new customers for 147 days. The fine relates to inadequacies in the bank&#8217;s KYC compliance including sanctions screening. The bank cooperated with the FCA and qualified for a 30% discount &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2018\/06\/06\/united-kingdom-regulated-bank-fined-896100-for-sanctions-failings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;United Kingdom &#8211; regulated bank fined \u00a3896,100 for sanctions failings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[73,71],"tags":[20,12,9],"ppma_author":[7],"class_list":["post-317","post","type-post","status-publish","format-standard","hentry","category-73","category-financial-services","tag-financial-sanctions","tag-fine","tag-united-kingdom"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/317","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=317"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/317\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=317"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=317"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=317"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=317"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}