Barclays Bank UK plc fined £3.1M by FCA

Amount: £3,093,600; ≈ $4.2M at the notice date
Regulator: FCA; Financial Conduct Authority
Date: 14 Jul 2025
Country: United Kingdom; Bank

What happened

A final notice has been issued in relation to Barclays Bank UK plc because it breached Principle 3 and SYSC 6.1.1R by failing to organise and control its affairs responsibly and effectively with adequate risk management systems in respect of its account opening procedures for client money accounts.

Violations

AML program failures

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

Doing business with Barclays Bank UK plc? Check the company and its owners against sanctions lists for free.

Run a sanctions check

Related fines

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.

All AML fines

14 Jul 2025	Barclays Bank plc	FCA	£39,314,700
11 Dec 2025	Nationwide Building Society	FCA	£44,078,500