Digital bank says it is cooperating with watchdog which is ramping up efforts to combat financial crime
The UK’s financial watchdog has said it is investigating digital bank Monzo over potential breaches of anti-money laundering and financial crime rules.
Monzo, which was founded in 2015 and is known for its hot coral bank cards, said it was cooperating with the investigation, which was in its early stages but could lead to civil and criminal charges.
