Compliance Monitor
Commerzbank London fined £37.8m for nearly five years of AML breaches
By Timon Molloy
The London branch of German lender Commerzbank is to pay a £37,805,400 penalty after the Financial Conduct Authority found
widespread AML failings in its KYC and monitoring framework between 23 October 2012 and 29 September 2017. [1]