FCA fines Santander UK £107.7 million for recurrent anti-money laundering lapses LeapRate

December 09, 2022 BY Steffy Bogdanova

FCA fines Santander UK £107.7 million for recurrent anti-money laundering lapses

Mark Steward, Executive Director of Enforcement and Market Oversight at the FCA, said: Santander’s poor management of their anti-money laundering systems and their inadequate attempts to address the problems created a prolonged and severe risk of money laundering and financial crime. As part of our commitment to prevent and reduce financial crime, we continue to…

Spanish Stock Market BME Bolsa de Madrid

August 10, 2018 BY Valentina Kirilova

MARF registers a new synthetic securitisation bond issue by Santander

The Alternative Fixed-Income Market (MARF) has registered a new synthetic securitisation bond issue launched by the Fondo de Titulización PYMES Magdalena 2, for a total amount of 166.3 million euros, Bolsas y Mercados Españoles (the Spanish Stock Market - BME) announced earlier today. This is the second time that Santander has registered an issue of…

November 16, 2017 BY Mariela Naydenova

American Express and Santander team up and shoot Ripple's price in the sky

American Express and Santander announced today that they are teaming up to introduce blockchain-enabled, business-to-business cross-border payments. What this means is that payments between the US and UK business users of Amex's FXIP will be made instantly. On the other hand, the UK-based Santander bank accounts will be receiving these Ripple payments. The CEO of…

June 08, 2015 BY Andrew Saks-McLeod

FCA appoints Hong Kong SFC Head of Enforcement as Director of Market Oversight

British financial markets regulator, the FCA, has appointed Hong Kong Securities and Futures Commission executive Mark Steward as Director of Market Oversight, and Santander Managing Director Barbara Frohn as Director of Risk and Compliance Oversight

March 26, 2014 BY Andrew Saks-McLeod

Santander UK receives £12.4 million penalty from FCA due to investment advice failings

UK division of European financial giant settles early with FCA to avoid fine of almost £17.7 million following FCA inspection which unearthed improper advice on investment products Amid the Financial Conduct Authority (FCA)'s current drive toward strengthening its regulatory stronghold over individuals and companies which offer financial advice to retail clients, the British regulatory authority…

March 11, 2014 BY Andrew Saks-McLeod

Santander GBM Executive Marco Pelizzoli Promoted To Global Head of FX Trading

FX industry senior executive Marco Pelizzoli to head FX division of European banking conglomerate as next step in 25-year career European banking corporation Santander GBM last week appointed its former Global Head of e-Commerce Marco Pelizzoli to the position of Global Head of FX Trading. Mr. Pelizzoli joined Santander GBM in 2009 after a four-year…

Tag: santander