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Daily News, FCA, Financial Conduct Authority, Fraud & Security, Issuing & Acquiring, Laundromat, Laundromat scheme, money laundering, Remittance, Russian money-laundering -

The FCA is investigating the role of British banks in the alleged processing of hundreds of millions of pounds for a Russian money laundering scheme dubbed “the Laundromat” the growing scrutiny is weighing whether to launch a full investigation. Simon Kirby, the City minister, was forced to answer a question in parliament about the latest revelations [...]

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