<ul data-eligibleForWebStory="false"><li>The Bank of England has fined Mastercard-owned Vocalink $16.2 million for inadequate risk management.</li><li>The penalty is due to Vocalink's failure to comply with governance weaknesses identified by the central bank in 2022, marking the first time the Bank of England has penalized a financial market infrastructure company.</li><li>Vocalink was able to reduce the fine by cooperating with the investigation, admitting the compliance failure early, and settling the matter.</li><li>Despite historic internal control issues, Vocalink assures that there was no impact on the service delivered to U.K. consumers and businesses.</li></ul>

Mastercard’s Vocalink Fined $16 Million for UK Compliance Failure

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