This table contains information about FSA fines published during 2012. Total amount of fines is £32,510,702.
| Amount |
Company or person fined |
Date |
What was the fine for? |
Compensation |
|
£525,000
|
Habib Bank AG Zurich
|
15/05/12
|
For anti-money laundering control failings.
|
|
|
£17,500
|
Syed Hussain
|
15/05/12
|
For anti-money laundering control failings.
|
|
|
£335,204
|
Donald Morgan
|
11/05/12
|
For insurance fraud.
|
|
|
£3,500,000
|
Martin Currie Investment Management Limited and Martin Currie Inc
|
10/05/12
|
For failing to manage a conflict of interest between two of its clients.
|
|
| £3,345,000 |
Mitsui Sumitomo Insurance Company (Europe) Ltd (MSIEu) |
08/05/12 |
For serious corporate governance failings. |
|
| £119,303 |
Yohichi Kumagai |
08/05/12 |
For failing to ensure that MSIEu’s corporate governance and control arrangements were fit for purpose. |
|
| £91,000 |
UK Car Group Limited |
03/05/12 |
For the failings of its appointed representative in respect of the monitoring of payment protection insurance (PPI) sales. |
|
| £26,600 |
Christchurch Investment Management Limited |
01/05/12 |
For failings in relation to the protection of client money. |
|
| £11,550 |
David Thornberry |
01/05/12 |
For failings in relation to the protection of client money. |
|
| £292,950 |
Exillon Energy plc |
26/04/12 |
For breaches of Listing Rules. |
|
|
£400,000
|
James Joseph Corr
|
28/03/12
|
For publishing misleading information to investors about the credit quality of Welcome’s loan book.
|
|
|
£200,000
|
Peter Douglas Miller
|
28/03/12
|
For publishing misleading information to investors about the credit quality of Welcome’s loan book.
|
|
| £95,200 |
Gareth Flanagan |
27/03/12 |
For knowingly submitting mortgage applications through GMF in his own name which contained false information. |
|
| £8,750,000 |
Coutts & Company |
26/03/12 |
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). |
|
| £210,000 |
Nicholas James Kyprios |
13/03/12 |
For improper market conduct in disclosing client confidential information ahead of a significant bond issue in November 2009. |
|
| £109,000 |
George McGregor |
08/03/12 |
For entering into contracts on behalf of RLA without authorisation and which benefitted a former RLA employee. |
|
| £1,500,000 |
Santander UK plc |
16/02/12 |
For failing to clarify FSCS cover on structured products. |
|
| £3,638,000 |
David Einhorn |
15/02/12 |
For engaging in market abuse. |
|
| £3,650,795 |
Greenlight Capital Inc |
15/02/12 |
For engaging in market abuse. |
|
| £350,000 |
Andrew Osborne |
15/02/12 |
For disclosing inside information. |
|
| £97,600 |
Topps Rogers |
13/02/12 |
For failing to take reasonable care to ensure its recommendations to UCIS were suitable for customers. |
|
| £2,867,000 |
Ravi Sinha |
31/01/12 |
For fraudulently obtaining £1.367 million for himself from a company owned by a private equity fund advised by JC Flowers by means of a fictitious invoicing scheme. |
|
| £130,000 |
Alexander Edward Ten-Holter |
27/01/12 |
For failings as CF10 holder responsible for Compliance oversight. |
|
| £14,000 |
Mark Joseph Laurenti |
27/01/12 |
Failed to put in place appropriate systems and controls. |
|
| £65,000 |
Caspar Jonathan William Agnew |
27/01/12 |
For failure to recognise suspicious transactions, and subsequent failure to alert the Compliance department. |
|
| £2,170,000 |
UK Insurance Limited |
17/1/12 |
For failings of Direct Line Insurance Plc and Churchill Insurance Limited. |
|
|
|
