Reference Case Number: FOI11200
Freedom of Information: Right to know request:
I would like to request for information under the Freedom of Information Act 2000 regarding the FCA's enforcement actions against regulated firms and authorised individuals in respect to money laundering offences (under Proceeds of Crime Act 2002, Drug Trafficking Act 1994, Criminal Justice Act 1993, relevant Money Laundering Regulations, and/or FSA/FCA principles) for the period limited to 2018-2023.
1. The total number of enforcement actions taken by the FCA, categorised by sector (e.g., banking, investment), for the above-mentioned money laundering offences.
2. I would also like to request a list of the firms or individuals that the FCA has taken action against for money laundering offences during this time period. For each enforcement action, if possible, please provide details of the offence, its relevant outcome and sector.
FCA response:
We can confirm that we hold the requested information, which is set out below.
The total number of enforcement actions taken by the FCA for the specified money laundering offences during the period 2018 to 2023 is 9.
Of those 9 enforcement actions taken, 8 related to banks and 1 related to an investment firm.
Please note the above response relates to disciplinary actions taken by the FCA’s Enforcement Division and does not include any other types of supervisory interventions or actions we may have taken using other statutory powers.
Further details in relation to each of the above-mentioned enforcement actions are as follows:
https://www.fca.org.uk/publication/final-notices/al-rayan-bank-plc-2023.pdf
https://www.fca.org.uk/publication/final-notices/commerzbank-ag-2020.pdf
https://www.fca.org.uk/publication/final-notices/santander-uk-plc-2022.pdf
https://www.fca.org.uk/publication/decision-notices/gatehouse-bank-plc-2022.pdf
https://www.fca.org.uk/publication/decision-notices/ghana-international-bank-plc.pdf
https://www.fca.org.uk/publication/decision-notices/hsbc-bank-plc.pdf
https://www.fca.org.uk/publication/decision-notices/standard-chartered-bank-2019.pdf
Final Notice 2023: ADM Investor Services International Limited (fca.org.uk)
https://www.fca.org.uk/news/press-releases/natwest-fined-264.8million-anti-money-laundering-failures