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

Report
Written By The Kyckr Team

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. 

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

Insights From the Report

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

  • 45% involved out-of-date or missing information.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

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The Kyckr Team
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