Anti-Financial Crime & Financial Crime Compliance
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AML, Banking, Compliance, Financial Crime, UK

NEWS: Regulators reviewing Revolut’s processes to detect and prevent financial crime; culture under microscope following departures of compliance staff

REVOLUT: The fintech may be close to getting a banking licence in the UK but a recent media report claims that embassy staff attached to the 'Five Eyes' western intelligence network have been discouraged from using the banking app over claimed Russia connections.

By ALISHA HOULIHAN for AMLi REGULATORS are conducting a review of the processes that Revolut has in place to prevent financial crime, it’s been revealed. It comes after regulators examined its culture which has been described as “hard charging.” Following this culture examination, the regulators requested a separate review of the measures in place to…

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