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Metro Bank fined UK£16.7m over transaction monitoring misses

A logic error in the code underpinning Metro Bank's automated transaction monitoring has cost it a UK£16,675,200 (US$21,277,972) penalty from the UK Financial Conduct Authority (FCA).

A logic error in the code underpinning Metro Bank's automated transaction monitoring has cost it a UK£16,675,200 (US$21,277,972) penalty from the UK Financial Conduct Authority (FCA).

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