Experts warn FSA fine for Coutts could be sign of things to come

By | 30 March 2012 | 2 minutes read

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…

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