FCA imposes £2.1m fine on Bank of Beirut and 2 employees for AML violations

The Bank of Beirut (UK) Ltd (Bank of Beirut) has been fined £2.1m by the Financial Conduct Authority (FCA) and stopped from acquiring new customers from high-risk jurisdictions for 126 days. In addition, the FCA has fined two approved persons at the bank.  read why at International Financial Law Prof Blog