Showing 1 to 10 of 67 search results for serious financial crime control failings.

1. Evolving our enforcement approach to protect and grow our markets

   Speeches Published: 27/02/2024 Last modified: 27/02/2024
   Speech by Therese Chambers, FCA joint executive director of enforcement and market oversight, delivered at The Market Abuse and Market Manipulation Summit.

2. FCA fines ADM Investor Services International Limited £6,470,600 for serious financial crime control failings

   Press Releases Published: 02/10/2023 Last modified: 02/10/2023
   The broker has been fined for inadequate anti-money laundering (AML) systems and controls.

3. Calibrating controls to build confident markets

   Speeches Published: 06/09/2023 Last modified: 06/09/2023
   Speech by Sarah Pritchard, Executive Director of Markets and International at the Financial Crime Summit 2023 by 1LoD.

4. FCA fines Bastion Capital London Limited £2.5m for serious financial control failings

   Press Releases Published: 13/07/2023 Last modified: 13/07/2023
   The FCA has fined Bastion Capital London Limited (in liquidation) £2,452,700 for serious financial crime control failings in relation to cum-ex trading.

5. FCA fines ED&F Man Capital Markets Ltd £17.2m for serious failings which enabled millions in illegitimate tax reclaims

   Press Releases Published: 05/06/2023 Last modified: 05/06/2023
   The FCA has fined ED&F Man Capital Markets Ltd (‘MCM’) £17,219,300 for serious failings in its oversight of cum-ex trading. These failings allowed MCM to collect fees for trading strategies designed to enable its clients to illegitimately

6. Do the right thing

   Speeches Published: 01/06/2023 Last modified: 30/10/2023
   Speech by Therese Chambers, Joint Executive Director of Enforcement and Market Oversight, delivered at the City & Financial FCA Investigations and Enforcement summit.

7. 2023 fines

   News stories Published: 12/01/2023 Last modified: 04/04/2024
   Enforcement fines published in 2023.

8. FCA fines Guaranty Trust Bank (UK) Limited £7.6 million for further failures in its anti-money laundering systems and controls

   Press Releases Published: 10/01/2023 Last modified: 10/01/2023
   The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and controls between October 2014 and July 2019.

9. FCA fines Santander UK £107.7 million for repeated anti-money laundering failures

   Press Releases Published: 09/12/2022 Last modified: 09/12/2022
   The FCA has fined Santander UK Plc (Santander) £107,793,300 after it found serious and persistent gaps in its anti-money laundering (AML) controls, affecting its Business Banking customers. 

10. FCA fines Julius Baer International Limited £18m and publishes decision notices for three individuals

    Press Releases Published: 30/11/2022 Last modified: 28/09/2023
    We have fined Julius Baer International Limited £18,022,500 for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA.