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Violation Tracker UK Individual Case

Company: Bastion Capital London Limited
Penalty: £2,452,700
Year: 2023
Date: 13 July, 2023
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Bastion agreed to pay nearly £2.5 million in settlement of a finding by the FCA that the company failed to manage the risk of being used to facilitate fraudulent trading and money laundering, allowing a client to engage in suspicious trading without action.
Settlement Type: Settlement with FCA
Agency: Financial Conduct Authority
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