RegActions records a disclosed FCA monetary penalty of £145,000,000 dated 4 Mar 2025 for Andrew James Pearse.
Case facts
| Firm or individual | Andrew James Pearse |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 4 Mar 2025 |
| Penalty | £145,000,000 |
| RegActions breach classification | Financial crime and AML |
| Public case ID | 45c9f44c-01ab-4c44-a410-61daf017d7b1 |
Case summary
FCA bans former Credit Suisse executives following US criminal convictions Last updated: 04/03/2025 The FCA has banned Andrew Pearse and Surjan Singh from the UK financial services industry. The former Credit Suisse managing directors have been banned for lacking integrity, following US convictions for arranging corrupt loans to the Republic of Mozambique.In July 2019, Mr Pearse pleaded guilty in the US for his role in the conspiracy to commit money laundering and wire fraud, which included him accepting over US$45m in unlawful kickbacks in connection with the loans.
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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.