✉news BusinessBanking first seen 14 h ago, last 1 h ago, peak #7
Dutch central bank fines Modulr Finance over weak customer monitoring
Original: BREAKING: Dutch central bank fines Modulr Finance over weak customer monitoring
The Dutch central bank, De Nederlandsche Bank, has imposed a fine on UK payments firm Modulr Finance for deficiencies in its customer monitoring processes. The action relates to weak anti-money-laundering controls, specifically failures in monitoring customers adequately. The fine highlights continuing regulatory scrutiny of payments and fintech firms operating in Europe over compliance with financial-crime rules.
Why now: Regulators are intensifying enforcement of anti-money-laundering rules against fintech and payments companies.
Modulr FinanceDe Nederlandsche BankNetherlands
Rank over time, top of the chart is #1. 10 snapshots from 14 h ago to 1 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/1093488