Compliance & Anti-Financial Crime
Leadership | Insight | Network

AML, Financial Crime, UK

NEWS: Banks demand compensation from Google and Facebook for FinCrime victims

By Alisha Houlihan for AMLi

Some of Britain’s biggest banks are demanding tech firms such as Facebook, Google and telecommunications companies shell out hundreds of millions of pounds in compensation for FinCrime victims scammed on their sites. 

Financial institutions Barclays, TSB, Lloyds and Santander have warned tech companies to bulk up their efforts to compensate scam victims who fall foul using their platforms. 

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!