Text size

Coutts faces second FSA fine in less than six months

UK’s financial regulator, the Financial Services Authority (FSA), said on Monday that it had fined Coutts Bank £8.75 million (US$13.8 million) for “failing to take reasonable care to establish and maintain effective anti-money laundering (AML) systems and controls relating to high risk customers, including Politically Exposed Persons (PEPs).” The FSA deemed the British private bank’s failings as serious and systemic…

To access this content, please click back to the home screen, then click “Menu” (bars in top left bars) and then “Login”.
To enquire for a free trial, please start here.
Need more help? Click here or email [email protected].

Have a confidential tip? Get in touch [email protected]