Basic Search
|
Summaries
|
Advanced Search
Violation Tracker UK Individual Case
Company: Standard Bank PLC
Current Parent Company:
Industrial and Commercial Bank of China
Parent at the Time of the Penalty Announcement: Standard Bank Group Limited
Recap of Ownership Changes: In 2015 Industrial and Commercial Bank of China acquired a majority stake in Standard Bank PLC
Penalty: £7,640,400
Year: 2014
Date: 22 January, 2014
Offence Group: financial offences
Offence Type: anti-money-laundering deficiencies
Violation Description: Standard Bank paid a £7.6 million fine in settlement of a finding by the FCA that the company failed to have suitable anti-money laundering systems and controls in place.
Action Type: agency action
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
HQ Country of Parent: China
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data:
(click here)
