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 Financial Conduct Authority has fined investment adviser and wealth manager Julius Baer International Limited (JBI) £18m for failing to conduct its business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and cooperative with the FCA.

The FCA has fined Barclays plc and Barclays Banks a provisional £50m over dealings with Qatari investors.

The FCA has fined Gatehouse Bank, a Shariah-compliant challenger bank, £1.5m for poor anti-money laundering checks.