This page contains information about fines published during the calendar year ending 2021. The total amount of fines so far is £567,765,219.95 (National Westminster Bank Plc’s fine is included for completeness however this fine was levied by the Court following the FCA’s successful criminal prosecution of the Bank).
|Firm or individual fined||Date||Amount||Reasoning|
|HSBC Bank plc||17/12/2021||£63,946,800||This Decision Notice refers to breaches of the Money Laundering Regulations 2007 related to financial crime in the Retail bank sector. A financial penalty has been imposed.|
|National Westminster Bank Plc||13/12/2021||£264,772,619.95||
For 3 offences of failing to comply with the Money Laundering Regulations 2007. Note: This is not a fine that will appear in the FCA’s statutory accounts as it is not levied by, or paid to, the FCA.
|Sunrise Brokers LLP||12/11/2021||£642,400||This Final Notice refers to breaches of PRIN 2 and PRIN 3 related to the risk of financial crime in the trading firms sector. We imposed a financial penalty.|
|Credit Suisse International, Credit Suisse Securities (Europe) Ltd, and Credit Suisse AG||19/10/2021||£147,190,200||This Final Notice refers to breaches of Prin 2 and Prin 3 related to financial crime and anti-bribery and corruption failings in the investment banking sector. We imposed a financial penalty.|
|Omar Hussein||11/10/2021||£116,000||The Final Notice refers to breaches of Statements of Principle for Approved Persons 1 and 7. We imposed a prohibition and fine.|
|Lloyds Bank General Insurance Limited, St Andrew’s Insurance Plc, Lloyds Bank Insurance Services Limited and Halifax General Insurance Services Limited||08/07/2021||£90,688,400||This Final Notice refers to breaches of PRIN 3 and PRIN 7 related to communications with customers in the general insurance and protection sector. We imposed a fine.|
|Crosfill and Archer Claims Limited||28/06/2021||£110,000||This Final Notice refers to breaches of breach of the Conduct of Authorised Persons Rules 2014 (“CAPR”) related to unfair treatment of customers in the claims management sector. We imposed a fine.|
|Sapien Capital Limited||06/05/2021||£178,000||This Final Notice refers to breaches of PRIN 2 and PRIN 3 related to the risk of financial crime in the trading firms sector. We imposed a Fine.|
|Simon John Varley||15/04/2021||£68,300||This Final Notice refers to Section 63A FSMA and breaches relating to APER 1 and FIT relating to a lack of honesty and integrity in the investment advisory sector. We imposed a fine and a prohibition.|
|Adrian Horn||04/03/2021||£52,500||The Final Notice refers to breaches of MAR and FIT relating to Market Abuse in the Trading Firm sector. We imposed a Fine and Prohibition.|