Monzo ha multato per aver dato un account a FINUCE 10 DOWING ST Indirizzo

From the FT report – [https://www.ft.com/content/d9587544-fb84-40c0-aab5-89a75670285f](https://www.ft.com/content/d9587544-fb84-40c0-aab5-89a75670285f)

>The Financial Conduct Authority said Monzo had for several years been unable to carry out proper checks on high-risk customers after it turned off an address verification system in 2019 because too many existing clients would have failed it. 

and

>Despite the watchdog imposing a block on Monzo opening new accounts for high-risk customers, the lender had “repeatedly failed to comply with the terms of the requirement” and signed up more than 34,000 high-risk clients between August 2020 and June 2022, the FCA said.

Sounds like they are either a bunch of crooks or utterly incompetent, neither of which is a good recommendation to have an account with them.

How? When I had an account with them it took me ages to get through thier KYC stuff to prove I was an actual person.

Thier app is top tier especially the pots stuff, but that’s not enough of reason to stay with with them, especially given how poor thier customer service is.