Five individuals face conspiracy to insider deal and money laundering charges Press Releases First published: 25/01/2023 Last updated: 25/01/2023 The FCA has started criminal proceedings against five individuals for conspiracy to commit insider dealing and money laundering. The FCA alleges that Redinel Korfuzi, Oerta Korfuzi, Iva Spahiu, Rogerio de Aquino and Dema Almeziad […]
FCA penalises Al Rayan Bank PLC for anti-money laundering failures Press Releases First published: 11/01/2023 Last updated: 11/01/2023 We have fined Al Rayan Bank PLC (Al Rayan) £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls. Between 1 April 2015 and 30 November 2017, Al Rayan allowed money to pass […]
FCA fines Guaranty Trust Bank (UK) Limited £7.6 million for further failures in its anti-money laundering systems and controls Press Releases First published: 10/01/2023 Last updated: 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 […]
FCA fines Metro Bank PLC £10 million and publishes Decision Notices for two of its former executive directors Press Releases First published: 12/12/2022 Last updated: 12/12/2022 The FCA has fined Metro Bank PLC £10,002,300 for breaching the Listing Rules by publishing incorrect information to investors. The FCA has also decided to fine Metro Bank’s […]
FCA fines Santander UK £107.7 million for repeated anti-money laundering failures Press Releases First published: 09/12/2022 Last updated: 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. Between 31 December 2012 and 18 October 2017, […]
FCA fines Julius Baer International Limited £18m and publishes decision notices for three individuals Press Releases First published: 30/11/2022 Last updated: 30/11/2022 Louise Whitestone, Thomas Seiler and Gustavo Raitzin have referred their Decision Notices to the Upper Tribunal where they will each present their respective cases. The Upper Tribunal will then determine whether to […]
FCA issues Final Notice to former CEO for anti-money laundering failings Press Releases First published: 18/11/2022 Last updated: 18/11/2022 The Financial Conduct Authority has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK) for anti-money laundering (AML) failings. Mr Prodhan was the senior manager at SBUK […]
FCA fines Gatehouse Bank £1.5m for poor anti-money laundering checks Press Releases First published: 14/10/2022 Last updated: 14/10/2022 The Financial Conduct Authority (FCA) has fined Gatehouse Bank Plc £1,584,100 for significant weakness in its financial crime systems and controls. Between June 2014 and July 2017 Gatehouse failed to conduct sufficient checks on its customers […]
Fake FCA emails, websites, letters and phone calls First published: 02/04/2016 Last updated: 05/07/2022 See all updates Find out about some of the common ways scammers may contact you claiming to be from the FCA. If you get an email, letter or phone call from someone claiming to work for us, it’s important you […]
FCA fines Ghana International Bank Plc £5.8m for failings in its anti-money laundering controls Press Releases First published: 23/06/2022 Last updated: 23/06/2022 The FCA has fined Ghana International Bank Plc (GIB) £5,829,900 for poor anti-money laundering and counter-terrorist financing controls over its correspondent banking activities. GIB provided correspondent banking services to overseas banks. This […]
Mr. Watchlist 