Warning One came from the government itself, over a decade ago. In 2013, the Financial Crimes Enforcement Network (FinCEN) and the Office of the Comptroller of Currency (OCC) fined TD Bank $38 million for similar failures when its monitoring systems did not catch $900 million of transactions related to a Ponzi scheme.

Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million) for failings in its anti-money laundering controls, in the latest blow to the struggling mid-sized lender.

Metro Bank fined £16.6m for failings over money laundering checks - The lender, which has about three million UK customers, failed to check for money laundering on millions of transactions up to 2020.

Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million), for failings in its anti-money laundering controls between June 2016 and December 2020. The bank failed to have the right systems and controls to adequately monitor more than 60 million transactions,

Metro Bank has been fined almost £16.7m after a City watchdog probe found historic failures in the lender's money laundering checks.