Bank's outsourcing deal enabled 'rogue' employees to make 'improper' payments

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Prudential Regulatory Authority fines cash-machine operator Raphael Bank over outsourcing failures

The Prudential Regulatory Authority (PRA) has fined a City bank over an outsourcing deal that enabled rogue employees to make fraudulent payments. The PRA fined Raphael Bank just under £1.3m for...

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