{"id":39684,"date":"2025-12-18T09:00:00","date_gmt":"2025-12-18T09:00:00","guid":{"rendered":"https:\/\/www.cdr-news.com\/?p=39684"},"modified":"2025-12-19T09:20:26","modified_gmt":"2025-12-19T09:20:26","slug":"nationwide-hit-with-gbp-44-million-fine","status":"publish","type":"post","link":"https:\/\/www.cdr-news.com\/categories\/competition-business-crime\/nationwide-hit-with-gbp-44-million-fine\/","title":{"rendered":"Nationwide hit with GBP 44 million fine"},"content":{"rendered":"The FCA has sanctioned the UK building society for its deficient anti-financial crime controls between 2016 and 2021.\n\n\n\nThe Financial Conduct Authority (FCA) has issued a GBP 44,078,500 fine to UK financial institution Nationwide Building Society.\n\n\n\nThe original GBP 62,969,297 penalty was reduced by 30% to take account of Nationwide\u2019s willingness to cooperate with the regulator. The fine is rooted in Nationwide\u2019s failure to set up and maintain adequate anti-financial crime processes and co<div class=\"leaky_paywall_message_wrap\"><div id=\"leaky_paywall_message\"><div class=\"paywall\">\r\n<h3>CDR is now FREE<\/h3>\r\n<h4>Register for free access today!<\/h4>\r\nSet up your free account and receive complimentary access to CDR's extensive coverage of litigation, alternative dispute resolution, class actions and regulation, plus all the latest news from the world's biggest and best law firms.\r\n<a href=\"\/my-account\">Create FREE account<\/a>\r\n<hr \/>\r\n<h4>Already registered?<\/h4>\r\n<a id=\"lp-login-link\" href=\"\/my-account\">Log in HERE<\/a>\r\n<\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>The FCA has sanctioned the UK building society for its deficient anti-financial crime controls between 2016 and 2021.<\/p>\n","protected":false},"author":14,"featured_media":39685,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[31],"tags":[2542,1093,234,319,10106],"class_list":["post-39684","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-competition-business-crime","tag-anti-money-laundering","tag-financial-conduct-authority","tag-financial-crime","tag-fines","tag-nationwide"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - 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