Industry experts warn the multiple fines levied on UK-based wealth management firm Coutts by UK regulator Financial Services Authority (FSA), could be a reality check for the private banking industry. The £8.75 million fine is the largest ever issued by the FSA in connection with anti-money laundering issues and the second fine in four months for the bank which according…
Experts warn FSA fine for Coutts could be sign of things to come
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