{"id":102,"date":"2020-06-17T11:55:30","date_gmt":"2020-06-17T15:55:30","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/?p=102"},"modified":"2024-03-15T08:55:44","modified_gmt":"2024-03-15T12:55:44","slug":"uk-fca-imposes-fine-including-sanctions-compliance","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/2020\/06\/17\/uk-fca-imposes-fine-including-sanctions-compliance\/","title":{"rendered":"UK: FCA imposes fine including sanctions compliance"},"content":{"rendered":"<p>Today, the UK&#8217;s Financial Conduct Authority imposed a fine of \u00a338,805,400 on Commerzbank.<\/p>\n<p>The Penalty Notice can be found <a href=\"https:\/\/www.fca.org.uk\/publication\/final-notices\/commerzbank-ag-2020.pdf\">here<\/a>.<\/p>\n<p>The penalty reflected a 30% reduction from \u00a354,007,800 to reflect cooperation by the bank.<\/p>\n<p>The fine related to failings identified by the FCA in AML and sanctions screening and compliance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Today, the UK&#8217;s Financial Conduct Authority imposed a fine of \u00a338,805,400 on Commerzbank. The Penalty Notice can be found here. The penalty reflected a 30% reduction from \u00a354,007,800 to reflect cooperation by the bank. The fine related to failings identified by the FCA in AML and sanctions screening and compliance.<\/p>\n","protected":false},"author":656,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[75,71],"tags":[12,9],"ppma_author":[7],"class_list":["post-102","post","type-post","status-publish","format-standard","hentry","category-75","category-financial-services","tag-fine","tag-united-kingdom"],"authors":[{"term_id":7,"user_id":656,"is_guest":0,"slug":"mhandley","display_name":"Mark Handley","avatar_url":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-content\/uploads\/sites\/65\/2023\/09\/handleymark-100x100.jpg","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/102","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/users\/656"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/comments?post=102"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/posts\/102\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/media?parent=102"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/categories?post=102"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/tags?post=102"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/europeansanctionsenforcement\/wp-json\/wp\/v2\/ppma_author?post=102"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}