The Data Blind Spot: Why UK Banks Get Fined by the FCA | AML Failures

Between 2020 and 2025, poor-quality company data played a material role in 68% of Financial Conduct Authority (FCA) AML enforcement actions. Discover where firms went wrong and how live company registry data closes the gap. 

Insights From the Report

Of all AML fines in the last 6 years imposed by the FCA: 

• 68% of UK AML fines between 2020-2025 involved low-quality data.

• 45% involved out-of-date or missing information.

• 32% involved failures regarding ownership and Source of Wealth verification. 

• 18% involved failures to find discrepancies between self-disclosures and the official record.