Breaking News and Headlines
Break'n News

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…

This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.

Read the original source at BBC