Northern Bank gets record FSA money-laundering fine
BELFAST
-- The UK's Financial Services Authority (FSA) has issued Belfast-based Northern Bank with a record £1.25 million fine for lapses in its anti-money laundering (AML) regime. The bank, which is owned by National Australia Bank, admitted that its "record keeping was inadequate".The FSA, in its 'Final Notice', said that although Northern Bank had conducted its own internal study of its AML
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