Basic Search  |  Summaries  |  Advanced SearchPenalty: £32,817,800
Year: 2018
Date: 19 December, 2018
Offence Group: financial offences
Offence Type: banking violation
Violation Description: Santander paid a £32.8 million fine in settlement of a finding by the FCA that the company failed to have suitable probate and bereavement processes resulting in funds in deceased customers' accounts taking an excessive time to identify or transfer.
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)