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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: £12,377,800
Year: 2014
Date: 24 March, 2014
Offence Group: financial offences
Offence Type: investor protection violation
Violation Description: Santander paid a £12.4 million fine in settlement of a finding by the FCA that the company failed to ensure investment advisers gave suitable advice in consideration of customers' personal circumstances, failed to give clear information about products, and failed to have ongoing checks of investment suitability.
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)