This table contains information about fines published during the calendar year ending 2018. The total amount of fines is £60,467,212.
| Firm or individual fined | Date | Amount | Reasoning |
|---|---|---|---|
| Santander UK plc[1] | 19/12/2018 | £32,817,800 |
This final notice (Santander UK plc) refers to breaches of PRIN 3, PRIN 6 and PRIN 11 related to governance, unfair treatment of customers, failing to act on information appropriately and failing to be open and co-operative in the retail bank sector. We imposed a fine. |
| Angela Burns[2] | 14/12/2018 | £20,000 | This final notice (Angela Burns) refers to breaches by a non-executive director of APER 1 for failing to declare conflicts of interest and FIT for lack of fitness/propriety. We imposed a fine and prohibition. |
| Liberty Mutual Insurance Europe SE[3] | 30/10/2018 | £5,280,800 | This final notice refers to breaches of PRIN 3, PRIN 6, SYSC, ICOBS and DISP related to complaints-handling, culture/governance and unfair treatment of customers in the general insurance and protection sector. We imposed a fine. |
| Tesco Personal Finance plc[4] | 01/10/2018 | £16,400,000 | This Final Notice refers to Tesco Bank’s breach of FCA Principle 2 for failing to exercise due skill, care and diligence in protecting its personal current account holders against a cyber attack. We imposed a financial penalty of £16.4 million. |
| Alistair Rae Burns[5] | 20/09/2018 | £60,000 | This Final Notice refers to breaches of APER 7 and FIT related to conflicts of interest, a lack of fitness/propriety and mis-selling in the investment adviser and pensions sector. We imposed a fine and a prohibition. |
| John Lawrence Radford[6] | 30/08/2018 | £468,600 | The Final Notice refers to breaches of APER 6, APER 7 and CASS relating to client money/assets and lack of fitness/propriety in the general insurance and protection sector. We imposed a fine and prohibition. |
| One Call Insurance Services Limited[7] | 30/08/2018 | £684,000 | The Final Notice refers to breaches of PRIN 10 and CASS relating to client money/assets in the general insurance and protection sector. We imposed a fine and restriction. |
| Darren Colvin Cummings[8] | 08/06/2018 | £29,300 | This final notice refers to breaches of APER 1 and FIT relating to a lack of fitness and/propriety in the general insurance and mediation sector. We imposed a fine and prohibition. |
| Canara Bank[9] | 06/06/2018 | £896,100 | This Final Notice refers to breaches of Principle 3 and SYSC related to financial crime in the retail bank sector. We imposed a fine and restriction. |
| James Edward Staley[10] | 11/05/2018 | £321,200 | For breaches of Individual Conduct Rule 2 (COCON 2.1.2) related to conflicts of interest (whistleblowing, CEO accountability) in the retail bank sector. We imposed a fine. |
| Alexander David Osborne Stuart[11] | 26/03/2018 | £34,000 | For breaches of APER 1 and FIT relating to a lack of fitness/propriety in the investment adviser sector. We imposed a fine and prohibition. |
| Guillaume Adolph[12] | 05/03/2018 | £180,000 | For breaches of PRIN 5 and FIT related to benchmarks, lack of fitness/propriety and wholesale conduct in the investment bank sector. We imposed a fine and a prohibition. |
| Vanquis Bank Limited[13] | 27/02/2018 | £1,976,000 | This final notice refers to breaches of PRIN 6 and PRIN 7 related to unfair treatment of customers in the consumer credit sector. We imposed a fine and restitution. |
| Interactive Brokers (UK) Limited[14] | 25/01/2018 |
£1,049,412 |
This final notice refers to breaches of PRIN 3 and SUP 15.10.2R relating to poor market abuse controls and failure to report suspicious client transactions. We imposed a fine. |
| Neil Danziger[15] | 08/01/2018 | £250,000 | For breaches of PRIN 5 and FIT related to benchmarks, lack of fitness/propriety and wholesale conduct in the investment bank sector. We imposed a fine and prohibition. |