WebDec 17, 2024 · The Financial Conduct Authority (FCA) said it had found that three key parts of HSBC's transaction monitoring systems in Britain showed serious weaknesses over a period from March 31, 2010 to ... WebApr 13, 2024 · The FCA has fined Guaranty Trust Bank (UK) Limited (GT Bank) circa £7.6m for weaknesses in its anti-money laundering (AML) systems and controls for the period between October 2014 and July 2024, as set out in its Final Notice of 10 January. This included a 30 per cent discount for early settlement. ... The FCA would have imposed a …
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WebDec 21, 2024 · The Financial Conduct Authority (FCA) has fined Charles Schwab UK Ltd (CSUK) £8.96 million for failing to adequately protect client assets, carrying out a regulated activity without permission and making a false statement to the FCA. Customers affected by the breaches were all retail customers, who require the greatest level of protection. WebNov 26, 2015 · The Financial Conduct Authority (FCA) has today fined Barclays Bank (Barclays) £72,069,400 for failing to minimise the risk that it may be used to facilitate financial crime. The failings relate to a £1.88 billion pound transaction (Transaction) that Barclays arranged and executed in 2011 and 2012 for a number of ultra-high net worth … WebUK firms operating in the retail and wholesale sectors need to be aware of the trends and ensure that they have appropriate arrangements in place. ... The FCA’s 29 October 2024 fine of over £5 million on Liberty Mutual Insurance Europe, an insurance underwriter, concerned similar findings in relation to the firm’s oversight of a third ... black faced watches