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Comment—Commerzbank money laundering penalty shows value of listening to the regulator

Comment—Commerzbank money laundering penalty shows value of listening to the regulator
Published on: 19 June 2020
Published by: MLex
  • Comment—Commerzbank money laundering penalty shows value of listening to the regulator

Article summary

MLex: Commerzbank’s multimillion-pound fine for money laundering failings tells a familiar sorry tale of an under-resourced and stretched financial crime department—but the case also raises questions as to whether the UK watchdog could have acted sooner. It also demonstrates the value for companies of heeding concerns picked up by the regulator, given the expensive consequences. or take a trial to read the full analysis.

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