Nationwide Faces £44m Fine After Regulators Flag Crime Control Failures
On 12 December 2025, the UK’s top financial regulator hit Nationwide Building Society with a huge £44 million fine. This happened after the Financial Conduct Authority (FCA) found serious gaps in the firm’s systems to stop crime. The FCA said Nationwide’s controls for spotting money-laundering and other risks were not strong enough from October 2016…