Deutsche Bank hit with record £163m fine for money laundering failings

The Financial Conduct Authority has today fined Deutsche Bank AG £163,076,224 for failing to maintain an “adequate anti-money laundering (AML) control framework” on movements of billions of dollars of money and investments from Russia.

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FCA bans two for selling £24m of ‘unsuitable investments’ to clients

The Financial Conduct Authority has banned Mark Kelly and Patrick Gray from working in the financial services industry on the basis that they lack integrity after £24m of client money was invested in ‘unsuitable investments’, it said today.

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