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Home | Coutts settles with FSA over breach of principle 3 |
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Coutts settles with FSA over breach of principle 3
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- March 27, 2012
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Coutts today announced that it has reached a settlement with the Financial Services Authority (FSA) following an investigation into Coutts & Co's anti-money laundering (AML) systems and controls in relation to high risk clients.
The fine relates to historic activity undertaken between December 2007 and November 2010. Coutts has agreed to pay a fine of £8.75 million as part of the settlement with the FSA.
Coutts has cooperated fully and openly with the FSA throughout the investigation. Coutts accepts the findings contain...
- Read more at:http://www.1888pressrelease.com/coutts-settles-with-fsa-over-breach-of-principle-3-pr-385318.html
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