Fines – 2016

This table contains information about fines published during 2016. The total amount of fines is £17,493,500.

Company or person fined Date Amount What was the fine for?
W H Ireland Limited 23/02/2016 £1,200,000 For breaching PRIN 3 and SYSC related to market protection, culture/governance and conflicts of interest in the wealth management and private banking sector
Achilles Othon Macris 09/02/2016 £792,900 For breaching Statement of Principle 4
Shay Jacob Reches 01/02/2016 £1,050,000 For breaching section 63A of the Financial Services and Markets Act 2000 and FIT
Shay Jacob Reches (additional penalty) 01/02/2016 £13,130,000 For breaching section 63A of the Financial Services and Markets Act 2000 and FIT
Colin J McIntosh 01/02/2016 £51,600 For breaching Statement of Principle 1,4 and 7. Also breaching FIT and certain applicable rules set out by CASS
Robert John Bygrave 01/02/2016 £37,400 For breaching Statement of Principle 6, FIT and certain applicable rules set out in CASS
Andrea Christine Sadler 01/02/2016 £18,700 For breaching Statement of Principle 6, FIT
Wayne Anthony Redgrave 01/02/2016 £38,600 For breaching Statement of Principle 6 and certain applicable rules set out by ICOBS
Millburn Insurance Company Limited (in administration) 01/02/2016 £1,137,500 For breaching Principle 11
Coverall Worldwide Ltd 01/02/2016 £36,800 For breaching Principles 1, 3 and 10 and certain applicable rules set out in CASS and COND