Monzo fined for giving account to fake 10 Downing St address
Source: BBC
Kevin PeacheyCost of living correspondentGetty ImagesMonzo did not check the "implausible" addresses of applicationsDigital bank Monzo accepted customers claiming to live at 10 Downing Street, Buckingham Palace and even its own premises, an investigation has found.A lack of address verification meant it failed to spot the "implausible" use of London landmarks on applications to open accounts.Monzo was fined £21m…
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