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Violation Tracker UK Individual Case

Company: Santander UK Plc
Current Parent CompanyBanco Santander
Parent at the Time of the Penalty Announcement: Banco Santander
Penalty: £107,793,300
Year: 2022
Date: 9 December, 2022
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Santander was fined £107 million in settlement of a finding by the FCA that the bank failed to properly oversee and manage its anti money-laundering systems over several years.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: Spain
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data(click here)