Quiz
10 general financial crime questions. Select a number from the menu bar, or select a question from the headings below. No tracking or scoring is built into the quiz. If you want to keep a record of your progress please do so separately. You can return to the quiz index by clicking 'H' in the menu bar.
The Financial Conduct Authority (FCA) uses its enforcement powers to protect consumers and take action against firms that do not meet regulatory standards for financial crime.
The FCA publishes Final Notices when enforcement action has been taken. These are useful to inform other regulated firms' awareness of any material inadequacies identified in an enforced firm's systems and controls.
Question - Which firm was fined £72 million by the FCA in 2015 for poor handling of financial crime risks, where the clients involved were politically exposed persons (PEPs)?
You selected '1' (Commerzbank London)
Commerzbank London was fined £37.8 million in 2020 for failing to put adequate anti-money laundering (AML) systems and controls in place between October 2012 and September 2017
Barclays Bank was fined £72 million in 2015 for poor handling of financial crime risks with a PEP nexus.
See also: Commerzbank London
See also: Barclays Bank
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You selected '2' (Ghana International Bank)
Ghana International Bank Plc (GIB) was fined £5.8m in 2022 for poor anti-money laundering and counter-terrorist financing controls over its correspondent banking activities. Between January 2012 and December 2016, GIB did not adequately perform the additional checks required when it established relationships with the overseas banks and failed to demonstrate it had assessed those banks’ anti-money laundering controls.
Barclays Bank was fined £72 million in 2015 for poor handling of financial crime risks with a PEP nexus.
See also: Ghana International Bank
See also: Barclays Bank
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You selected '3' (Barclays Bank)
Barclays Bank was fined £72 million in 2015 for poor handling of financial crime risks with a PEP nexus.
See also: Barclays Bank
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You selected '4' (National Westminster Bank Plc)
National Westminster Bank Plc was fined £264.8 million in December 2021 following convictions for failing to comply with money laundering regulations.
Barclays Bank was fined £72 million in 2015 for poor handling of financial crime risks with a PEP nexus.
See also: National Westminster Bank Plc
See also: Barclays Bank
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