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NEWS: Stenn, UK fintech once valued at $900m, collapses after HSBC probes suspicious transactions

Premium December 13, 2024

Greg Karpovsky, the founder and CEO of Stenn

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LATEST: Australian watchdog sues Ladbrokes’ owner Entain for ‘systemic’ AML breaches

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NEWS: Denmark’s Jyske Bank fined €3.2 million for CDD failings on 35 mortgage customers in southern Europe

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NEWS: Ex-head of Bolivian anti-drugs agency extradited to the US on cocaine trafficking charges

BY PAUL O’DONOGHUE, Senior Correspondent

UK FINTECH Stenn, once valued at $900 million, has collapsed into administration following an investigation prompted by a U.S. money laundering case.

HSBC Innovation Bank, a lender to Stenn, applied to London’s High Court last week to place two of the company’s UK units into administration.

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Premium

LATEST: Australian watchdog sues Ladbrokes’ owner Entain for ‘systemic’ AML breaches

 Premium

NEWS: Denmark’s Jyske Bank fined €3.2 million for CDD failings on 35 mortgage customers in southern Europe

 Premium

NEWS: Ex-head of Bolivian anti-drugs agency extradited to the US on cocaine trafficking charges

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