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UK unicorn Revolut is fighting back after its week from hell

UK unicorn Revolut is fighting back after its week from hell
Storonsky



The Telegraph alleged that Revolut turned off software designed to stop money laundering, which the challenger bank strongly denies.




Then Wired magazine published an exposé on the company's work culture.




And The Telegraph reported that Revolut's CFO had secretly left the company in January.




The company's app also had some technical issues that bothered customers.




Revolut fired back at the claims in comments to Business Insider.



Thursday was a bad day for Revolut, one of the UK's most famous fintech start-up success stories.
The Telegraph alleged that for three months last year, Revolut turned off software designed to stop money laundering and dubious money transfers — and the company hit back in an open letter published Friday.
"At no point during this time did we fail to meet our legal or regulatory requirements," said CEO Nik Storonsky in the letter. We conducted a thorough review of all transactions that were processed during this time, which confirmed that there were no breaches."
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