RegActions records a disclosed FCA monetary penalty of £642,400 dated 12 Nov 2021 for Sunrise Brokers LLP.
Case facts
| Firm or individual | Sunrise Brokers LLP |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 12 Nov 2021 |
| Penalty | £642,400 |
| RegActions breach classification | Financial crime and AML |
| Public case ID | 3039c64a-a1f2-4554-8693-23bfcc1dec49 |
Case summary
FCA fines Sunrise Brokers LLP £642,400 for serious financial crime control failings in relation to cum-ex trading Last updated: 12/11/2021 Sunrise Brokers LLP has been fined over £600,000 for deficient anti money laundering systems and controls. This is the second case brought by the FCA in relation to cum-ex trading, dividend arbitrage and withholding tax (WHT) reclaim schemes.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.