Monzo Bank Fined £21M After Account Issued to a Fake 10 Downing St Address
Monzo Bank was fined £21 million due to a major compliance failure. The bank allowed someone to open an account using a fake address, 10 Downing Street, the UK Prime Minister’s residence. That’s one of the most famous addresses in the country, yet it slipped through the cracks. This isn’t just a small error. It shows…