The Financial Conduct Authority has appointed Therese Chambers and Steve Smart as joint executive directors of enforcement and market oversight in a move to strengthen its enforcement team. 

The Financial Conduct Authority has fined Nigerian-owned Guaranty Trust Bank (UK) Limited (GT Bank) £7.67m for “serious weaknesses” in its anti-money laundering (AML) systems and controls.

The FCA has fined Santander UK Plc (Santander) £107,793,300 for "serious and persistent gaps" in its anti-money laundering (AML) controls.

The Financial Conduct Authority has fined BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited (together, BGC/GFI) £4,775,200 for failing to ensure they had appropriate systems and controls in place to effectively detect market abuse.