Financial Crime Financial Crime

UK’s Lloyds and Santander face FCA questions over Iranian sanctions allegations

By Martin Coyle
  • 05 Feb 2024 13:34
  • 05 Feb 2024 13:34
UK banks Lloyds and Santander have been contacted by the Financial Conduct Authority following allegations that they were used by Iranian companies to move money around the world in breach of sanctions rules.
According to an article in The Financial Times yesterday, the banks, among the biggest in the country,

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Martin Coyle

Senior Correspondent


Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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