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I'm a banking reporter and here are the
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top three fines banks were slapped with
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by the FCA in 2025. So first off leading
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the pack we had Nationwide. They were
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hit with a 44 million pound fine just
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this month in December. So Nationwide
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basically got in trouble with the FCA
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after they were identified ineffective
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systems which did not keep up to date
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with the due diligence and risk
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assessments required. Now this was
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mainly to do with personal current
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accounts. But the building society also
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going a bit of trouble for providing
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business accounts to people who were not
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eligible for them. Theres Chambers who's
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the joint executive of enforcement at
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the FCA said nationwide failed to get a
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proper grip on financial crime lurking
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within its custo. Now we also had
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Barclays. Barklays was shortly behind at
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42 million and this came in July. Now
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Barclays was a part of a trio of fines
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that all came in just under 10 days from
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the Financial Conduct Authority and the
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Bank of England. Barclay's blunder
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related to one simple check. According
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to the FCA, the bank was scorned for
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opening a client money account for a
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wealth management firm known as
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WealthTech, which the FCA said one
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simple check would have revealed that it
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was not on the financial services
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register. In a separate instance, it was
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also included in the fine. The regulator
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slammed Barclays for its mismanagement
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of banking services with Stuntton Co.
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Now, Stuntton Co. is a precious metals
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firm, but it received 46.8 8 million
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pounds from a moneyaundering operation
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known as Fowler Out Oldfield in just
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over a year. The FCA said that Barclays
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had only reviewed its exposure to Fowler
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Oldfield after it had learned of a
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regulator's decision to prosecute Nat
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West over its ties. Third up, we had
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Monzo. Monzo was a little bit further
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down the list at 21 million, but it's
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still a hefty hit. Now, Monzo got in a
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lot of trouble for this fine because
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they were opening accounts for 34,000
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high-risisk customers between August
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2020 and June 2022. Now the bigger
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concern with this became that the Monzo
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was onboarding customers with locations
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that were easily verifiable. These
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locations included 10 Downing Street,
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Buckingham Palace and in some occasions
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Monzo's own personal address. Now the
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Neo Bank's customer base has increased
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almost 10fold from 2018 to 2022 when
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this fine occurred. But the FCA said it
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failed to keep the pace of its crime
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control with the growth. Did your bank
