A routine automated compliance trigger froze a homebuyer's £37,000 house deposit just before completion, highlighting digital banking risks.

US financial regulators penalized Bank of America over $1.21bn for anti-money laundering and sanctions violations, including failing to report billions in suspicious transactions.

Bank of America has been hit with a multi-agency penalty by the U.S. Treasury for anti-money laundering failures just ahead of its earnings report.

Capital One filed a court document defending its closure of over 300 Trump Organization accounts, arguing the action followed anti-money-laundering reviews.

Capital One told a federal court that its decision to close accounts linked to Donald Trump's business empire stemmed from internal compliance reviews.

Capital One has formally defended its decision to terminate hundreds of Trump Organization bank accounts, citing an internal anti-money laundering review in a bid to dismiss a debanking lawsuit.