Barclays Bank (BCS.US) was heavily fined 42 million pounds by the FCA for risk control failures, involving two high-risk money laundering clients.

According to the Zhtng Financial APP, Barclays Bank (BCS.US) of the United Kingdom has been fined 42 million (approximately $56 million) for ineffective risk management in financial crime, becoming a landmark case in the UK financial regulation field in 2025. According to a statement released by the UK Financial Conduct Authority (FCA) on July 16, this penalty highlights systematic deficiencies in Barclays' customer due diligence and risk assessment mechanisms.