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[1] | 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[2] | 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[3] | 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[4] | 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[5] | 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[6] | 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[7] | 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[8] | 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[9] | 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[10] | 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. |