off

Bank of Scotland fined £45 million for failing to report suspicions of fraud at HBOS

The Financial Conduct Authority (FCA) has fined Bank of Scotland £45,500,000 for failures to disclose information about its suspicions that fraud may have occurred at the Reading-based Impaired Assets (IAR) team of Halifax Bank of Scotland. The FCA found that Bank of Scotland...
Posted On 28 Jun 2019