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international regulatory enforcement

Anti-Money Laundering Lessons to be Learnt from the Commerzbank Fine

July 21, 2020

By Arun Srivastava & Gesa Bukowski

With the hefty £37.8 million fine imposed on Commerzbank AG’s London branch last month (and an accompanying strong deterrent message for the market more generally), the UK Financial Conduct Authority (FCA) have signalled their intention to continue to come down hard on firms’ breaches of anti-money laundering obligations.