Fine

JLT Specialty Limited Fined £1,876,000 by the Financial Conduct Authority

Reason: For failing to have in place appropriate checks and controls to guard against the risk of bribery or corruption when making payments to overseas third parties.Date: 19/12/2013Amount: 1876000.00Link: https://www.fca.org.uk/publication/final-notices/jlt-specialty-limited.pdf

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Standard Bank PLC Fined £7,640,400 by the Financial Conduct Authority

Reason: For failings relating to anti-money laundering policies and procedures for corporate customers connected to politically exposed persons.Date: 23/01/2014Amount: 7640400.00Link: https://www.fca.org.uk/publication/decision-notices/standard-bank-plc.pdf

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Ewan King Fined £19,900 by the Financial Conduct Authority

Reason: For fabricating two Statements of Professional Standing to give an impression he was appropriately qualified.Date: 30/01/2014Amount: 19900.00Link: https://www.fca.org.uk/publication/final-notices/ewan-king.pdf

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State Street Bank Europe Ltd; and State Street Global Markets International Ltd Fined £22,885,000 by the Financial Conduct Authority

Reason: For developing and executing a deliberate and targeted strategy to charge substantial mark-ups on certain transitions that were deliberately not agreed with clients or disclosed.Date: 30/01/2014Amount: 22885000.00Link: https://www.fca.org.uk/publication/final-notices/state-street.pdf

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HomeServe Membership Limited Fined £30,647,400 by the Financial Conduct Authority

Reason: For mis-selling insurance policies, failing to investigate complaints adequately, the Board being insufficiently engaged with compliance, and senior management being reluctant to address customer risks. Date: 12/02/2014Amount: 30647400.00Link: https://www.fca.org.uk/publication/final-notices/homeserve-membership-limited.pdf

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Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”) Fined £4,000,000 by the Financial Conduct Authority

Reason: For allowing the US based FXCM Group to withhold profits worth approximately £6 million ($9,941,970) that should have been passed on to FXCM UK’s clients.Date: 26/02/2014Amount: 4000000.00Link: https://www.fca.org.uk/publication/final-notices/forex-capital-markets-limited.pdf

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Besso Limited Fined £315,000 by the Financial Conduct Authority

Reason: For a failure to take reasonable care to establish and maintain effective systems and controls for countering the risks of bribery and corruption.Date: 19/03/2014Amount: 315000.00Link: https://www.fca.org.uk/publication/final-notices/besso-limited.pdf

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