Violation Tracker UK Individual Case

Company: Standard Bank PLC
Current Parent Company: Standard Bank Group Limited
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: South Africa
Ownership Structure of Parent: publicly traded
Major Industry of Parent: financial services
Specific Industry of Parent: banking
Source of Data: (click here)