Barclays Bank plc fined £39.3M by FCA
- Amount
- £39,314,700
- ≈ $53M at the notice date
- Regulator
- FCA
- Financial Conduct Authority
- Date
- Country
- United Kingdom
- Bank
What happened
This Final Notice refers to a breach of Principle 2 (skill, care and diligence) of the Authority’s Principles for Businesses that occurred between 9 January 2015 and 23 April 2021. Barclays’ breach relates to its failures to identify, assess, monitor and manage adequately the money laundering risks associated with the provision of banking services to one of its corporate banking customers.
Violations
Controls that catch this
- Transaction Monitoring: scenario coverage, alert review and SAR workflow
- Customer risk assessment that blocks or escalates high-risk onboarding
- Case management with an audit trail for every decision
Sources
- Regulator's notice Official
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Run a sanctions checkRelated fines
| 14 Jul 2025 | Barclays Bank UK plc | FCA | £3,093,600 |
| 11 Dec 2025 | Nationwide Building Society | FCA | £44,078,500 |
Figures and summaries come from the regulator's published notice or, where noted, press reports. Penalties can be reduced, appealed or combined with other agencies' actions. Last reviewed by our compliance team: 27 Oct 2026.