Fraud & Ethics
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Regulation, Risk & Compliance
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Bank of Beirut UK unit fined for misleading UK regulator
The Bank of Beirut (UK) Ltd (Bank of Beirut) has been fined £2.1m by the Financial Conduct Authority (FCA) and stopped from acquiring new customers from high-risk jurisdictions for 126 days. In addition, the FCA has fined two approved persons at the bank. The Bank of Beirut repeatedly provided the…
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Source: FCA