Fines by UK regulator soar to six-year high by value

Due to four high value fines

Elliot Gulliver-Needham
clock • 2 min read
Fines by UK regulator soar to six-year high by value

The value of fines issued by the Financial Conduct Authority has increased nearly fourfold to £577m this year, reaching a six-year high, research by law firm RPC shows.

The value of fines issued by the UK's Financial Conduct Authority has increased nearly fourfold to £577m this year, reaching a six-year high, research by law firm RPC shows. The increase in the value of fines was largely due to four large fines worth well over £50m issued this year, compared to just one fine over £50m issued last year. The largest fine of £265m was imposed on NatWest for failing to comply with anti-money laundering measures. HSBC received a £64m fine for a similar reaso...

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