B arclays Bank UK PLC and Barclays Bank PLC have been hit with a combined £42 million fine by the United Kingdom’s Financial Conduct Authority for serious lapses in anti-money laundering controls ...

Britain's financial regulator on Wednesday said it has fined Barclays 42 million pounds ($56.31 million) for failings related to financial crime risk management.

Britain's financial watchdog on Wednesday said it had fined Barclays bank £42 million ($56 million) for "poor handling of financial crime risks".

The U.K. bank has been fined for lapses in dealings with risky customers, including a client tied to one of Britain’s biggest money-laundering cases.

The FCA has fined Barclays Bank UK PLC and Barclays Bank PLC a total of £42m for separate instances of failings in its ...

The Financial Conduct Authority fines relate to separate failings linked to the WealthTek and Stunt & Co businesses.