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UK regulator fines companies more than £300 million

Posted On: Jul. 15, 2019 5:58 AM CST

UK ruling

U.K.'s Financial Conduct Authority imposed 10 fines worth more than £319 million ($401 million) on companies in the first half of this year amid increased pressure over its alleged failure to protect customers, The Guardian reported. The total fine so far this year exceeded more than five times the amount of fines for 2018 and outstripped the combined total of £311 million for the previous three years.

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