# Monzo fined over issues with address verification

**URL:** <https://discuss.opensanctions.org/t/monzo-fined-over-issues-with-address-verification/162>\
**Category:** General\
**Created:** [July 10, 2025, 5:47am UTC](https://discuss.opensanctions.org/t/monzo-fined-over-issues-with-address-verification/162 "2025-07-10T05:47:31Z")\
**Posts on this page:** 2\
**Page:** 1

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**Author:** ![Mr\_Cross](https://dub1.discourse-cdn.com/flex014/user_avatar/discuss.opensanctions.org/mr_cross/32/31_2.png) [@Mr\_Cross](https://discuss.opensanctions.org/u/Mr_Cross)\
**Post date:** [July 10, 2025, 5:47am UTC](https://discuss.opensanctions.org/t/monzo-fined-over-issues-with-address-verification/162/1 "2025-07-10T05:47:31Z")

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> **[Monzo fined for giving account to fake 10 Downing St address](https://www.bbc.co.uk/news/articles/cqjqgxzz8gjo)**
>
> The digital bank has been fined £21m by the City regulator for anti-fraud failures.

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**Author:** ![pudo](https://dub1.discourse-cdn.com/flex014/user_avatar/discuss.opensanctions.org/pudo/32/1_2.png) [@pudo](https://discuss.opensanctions.org/u/pudo)\
**Post date:** [July 10, 2025, 7:31am UTC](https://discuss.opensanctions.org/t/monzo-fined-over-issues-with-address-verification/162/2 "2025-07-10T07:31:01Z")

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Et tu, Monzo. There’s a weird irony in the fact that so many neobanks - who have much simpler technology stacks and challenges than established institutions - fail their compliance assessments, while 80 year old community banks that have less working capital somehow manage…