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Violation Tracker UK Individual Case

Company: Julius Baer International Limited
Current Parent CompanyJulius Baer Group
Parent at the Time of the Penalty Announcement: Julius Baer Group
Penalty: £18,022,500
Year: 2022
Date: 30 November, 2022
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Julius Baer was fined £18 million in settlement of a finding by the FCA that the company failed to take reasonable care to organise and control its affairs and failed to be open and cooperative with the FCA, with an alleged conflict of interest and fraud with improper commission payment for FX transactions that was not reported to the FCA when uncovered.
Action Type: agency action
Agency: Financial Conduct Authority
HQ Country of Parent: Switzerland
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
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