2019 fines

This contains information about fines published during the calendar year ending 2019. The total amount of fines so far is £272,487,887.

Firm or individual fined Date Amount Reasoning

Standard Chartered Bank

09/04/2019 £102,163,200 This decision notice (Standard Chartered Bank) refers to breaches of the Money Laundering Regulations 2007 related to financial crime in the investment and retail bank sector. We imposed a fine.
Goldman Sachs International 28/03/2019 £34,344,700 This final notice (Goldman Sachs International) refers to breaches of SUP 17, SUP 15 and PRIN 3 related to transaction reporting failures in the investment bank sector. We imposed a fine.
UBS AG 19/03/2019 £27,599,400 This final notice (UBS AG) refers to breaches of SUP 17, SUP 15 and PRIN 3 related to transaction reporting failures in the investment bank sector. We imposed a fine.
The Carphone Warehouse 13/03/2019 £29,107,600

This final notice (The Carphone Warehouse Limited) refers to breaches of PRIN 3, 6 and 9 related to mis-selling in the general insurance and protection sector. We imposed a fine.

Paul Stephany 05/02/2019 £32,200 This Final Notice (Paul Stephany) refers to breaches by an individual of Statement of Principle 2 and 3 relating to failing to observe proper standards of market conduct and failing to act with due skill, care and diligence in the asset management sector. The FCA imposed a fine.
Stewart Owen Ford 16/01/2019 £76,000,000

This final notice (Stewart Owen Ford) refers to breaches by an executive director of APER 1, APER 4 and FIT related to mis-selling, failing to be open and co-operative, a lack of fitness/propriety, conflicts of interest, and failing to act on information appropriately in the asset management sector. We imposed a fine and prohibition.

Mark John Owen 16/01/2019 £3,240,787 This final notice (Mark John Owen) refers to breaches by an executive director of APER 1, APER 4 and FIT related to a lack of fitness/propriety and failing to act on information appropriately in the asset management sector. We imposed a fine and prohibition.