KUBR

FCA fines Starling Bank £29m over sanctions screening and high-risk accounts

Starling Bank Limited · Digital retail bank

Regulatory breachGovernance failure

The case in brief

Visible before detection

    Checks that could have surfaced it, on hindsight

    1

    Regulatory & litigation records

    FCA requirements and enforcement records would show the restriction on high-risk accounts.

    Can mislead when: Court records lag and name spellings vary. A clean record can mean the problem has not reached court yet.

    2

    Operating-metric verification

    Testing the screening tool would show it covered only part of the sanctions list.

    Can mislead when: Contract staff do not appear in EPFO. Vahan access needs licensed APIs. Some businesses have no physical trace.

    3

    Governance signals

    The pace of growth against compliance capacity would show a governance gap.

    Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.

    Where Kubr services would have helped

    Portfolio monitor

    Offered in India
    • C8 FCA requirements and enforcement records would show the restriction on high-risk accounts.
    • C10 Testing the screening tool would show it covered only part of the sanctions list.
    • C11 The pace of growth against compliance capacity would show a governance gap.

    Verified Snapshot

    Offered in India
    • C8 FCA requirements and enforcement records would show the restriction on high-risk accounts.
    • C11 The pace of growth against compliance capacity would show a governance gap.

    Legal diligence support

    Offered in India
    • C8 FCA requirements and enforcement records would show the restriction on high-risk accounts.
    • C11 The pace of growth against compliance capacity would show a governance gap.

    Promoter profiles

    Offered in India
    • C8 FCA requirements and enforcement records would show the restriction on high-risk accounts.
    • C11 The pace of growth against compliance capacity would show a governance gap.

    Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.

    A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.