Revolut reports suspected money laundering to UK authorities

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July 18 2018

Digital bank Revolut has reported suspected money laundering activities on its network to British law enforcement and regulatory agencies, a spokesman said on Tuesday, adding that the sums of money involved were not significant.

The spokesman confirmed an article in the Financial Times newspaper which said the bank had flagged a spate of suspected money laundering a couple of months ago to both the Financial Conduct Authority (FCA) and the National Crime Agency (NCA).