How much has the FCA fined firms and individuals in 2014?
The FCA has issued 40 monetary penalties totalling £1,471,431,800 in 2014 (last updated 20 Nov 2014).
Last updated 20 Nov 2014
RegActions records £1,471,431,800 across 40 disclosed monetary penalties in 2014. The latest included penalty is dated 20 Nov 2014.
The total includes positive monetary penalties with amounts that have passed the RegActions amount-review gate. It excludes non-monetary actions and records whose amounts require review.
Check the FCA's official 2014 fines page · Explore the complete FCA fines database · Read the FCA fines 2014 monthly report · Open the 2014 actions workspace
What counts as an FCA fine?
An FCA fine is a financial penalty imposed by the Financial Conduct Authority and disclosed through an official notice or annual fines page. RegActions keeps monetary penalties separate from prohibitions, cancellations, public censures and other non-monetary enforcement outcomes. This prevents action counts from being mistaken for fine counts and makes the published total easier to audit.
How to verify an FCA penalty
Start with the firm or individual, penalty date and disclosed amount, then open the linked FCA notice. The notice explains the rule breaches, affected period and sanction. RegActions provides the comparison and monthly analysis layer, while the regulator publication remains the authoritative source for the decision.
Monthly breakdown
| Month | Penalties | Total |
|---|
| January | 4 | £38,545,300 |
| February | 2 | £34,647,400 |
| March | 6 | £13,433,800 |
| April | 1 | £18,643,000 |
| May | 3 | £26,759,100 |
| June | 2 | £3,827,100 |
| July | 2 | £105,450,000 |
| August | 4 | £27,917,000 |
| September | 2 | £38,045,000 |
| October | 4 | £5,758,100 |
| November | 10 | £1,158,406,000 |
FCA fines issued in 2014
| Firm or individual | Date | Amount | Breach | Evidence |
|---|
| Royal Bank of Scotland Plc, National Westminster Bank Plc and Ulster Bank Ltd | 20 Nov 2014 | £42,000,000 | PRINCIPLES | Official source |
| Chase de Vere Independent Financial Adviser Limited (Formerly AWD Chase de Vere Limited) | 17 Nov 2014 | £560,000 | SYSTEMS_CONTROLS | Official source |
| UBS AG | 11 Nov 2014 | £233,814,000 | SYSTEMS_CONTROLS | Official source |
| Citibank N.A. | 11 Nov 2014 | £225,575,000 | SYSTEMS_CONTROLS | Official source |
| JPMorgan Chase Bank | 11 Nov 2014 | £222,166,000 | SYSTEMS_CONTROLS | Official source |
| The Royal Bank of Scotland Plc | 11 Nov 2014 | £217,000,000 | SYSTEMS_CONTROLS | Official source |
| HSBC Bank Plc | 11 Nov 2014 | £216,363,000 | SYSTEMS_CONTROLS | Official source |
| Peter Joseph Halpin | 5 Nov 2014 | £412,700 | GOVERNANCE | Official source |
| Nicholas Bowyer | 5 Nov 2014 | £306,700 | GOVERNANCE | Official source |
| Anthony Peter Clare | 5 Nov 2014 | £208,600 | GOVERNANCE | Official source |
| Sesame Limited | 29 Oct 2014 | £1,598,000 | CONFLICTS | Official source |
| Yorkshire Building Society | 28 Oct 2014 | £4,135,600 | LENDING | Official source |
| David Welsby | 9 Oct 2014 | £14,000 | CLIENT_MONEY | Official source |
| David Gillespie | 9 Oct 2014 | £10,500 | CLIENT_MONEY | Official source |
| Barclays Bank Plc | 23 Sep 2014 | £37,745,000 | Not categorised | Official source |
| Peter Thomas Carron | 16 Sep 2014 | £300,000 | Not categorised | Official source |
| Craig Stuart Cameron | 29 Aug 2014 | £350,000 | Not categorised | Official source |
| The Royal Bank of Scotland plc and National Westminster Bank plc | 27 Aug 2014 | £14,474,600 | LENDING | Official source |
| Deutsche Bank AG | 21 Aug 2014 | £4,718,800 | REPORTING | Official source |
| Stonebridge International Insurance Limited | 7 Aug 2014 | £8,373,600 | INSURANCE | Official source |
| Lloyds Bank plc and Bank of Scotland plc | 28 Jul 2014 | £105,000,000 | MARKET_ABUSE | Official source |
| Ian Charles Hannam | 22 Jul 2014 | £450,000 | MARKET_ABUSE | Official source |
| Credit Suisse International | 16 Jun 2014 | £2,398,100 | FRAUD | Official source |
| Yorkshire Building Society | 16 Jun 2014 | £1,429,000 | FRAUD | Official source |
| Barclays Bank PLC | 23 May 2014 | £26,033,500 | SYSTEMS_CONTROLS | Official source |
| Daniel James Plunkett | 23 May 2014 | £95,600 | FRAUD | Official source |
| Martin Brokers (UK) Ltd (Martins) | 15 May 2014 | £630,000 | Not categorised | Official source |
| Invesco Asset Management Limited Invesco Fund Managers Limited | 28 Apr 2014 | £18,643,000 | INVESTMENT | Official source |
| David Lloyd Wren | 31 Mar 2014 | £70,000 | Not categorised | Official source |
| Philip Eley | 27 Mar 2014 | £7,200 | Not categorised | Official source |
| Santander plc | 26 Mar 2014 | £12,377,800 | FRAUD | Official source |
| Mark Stevenson | 20 Mar 2014 | £662,700 | Not categorised | Official source |
| Besso Limited | 19 Mar 2014 | £315,000 | SYSTEMS_CONTROLS | Official source |
| City & Provincial | 13 Mar 2014 | £1,100 | FRAUD | Official source |
| Forex Capital Markets Limited (“FXCM Ltd”) & FXCM Securities Limited (“FXCM Securities”) (together “FXCM UK”) | 26 Feb 2014 | £4,000,000 | Not categorised | Official source |
| HomeServe Membership Limited | 12 Feb 2014 | £30,647,400 | GOVERNANCE | Official source |
| State Street Bank Europe Ltd; and State Street Global Markets International Ltd | 30 Jan 2014 | £22,885,000 | MARKET_ABUSE | Official source |
| Ewan King | 30 Jan 2014 | £19,900 | Not categorised | Official source |
| 7722656 Canada Inc formerly trading as Swift Trade Inc | 24 Jan 2014 | £8,000,000 | FRAUD | Official source |
| Standard Bank PLC | 23 Jan 2014 | £7,640,400 | AML | Official source |
Frequently asked questions
What is the largest FCA fine in 2014?
The largest FCA fine issued in 2014 and currently recorded by RegActions is £233,814,000, issued to UBS AG on 11 Nov 2014 by the Financial Conduct Authority. This reflects amounts that have passed RegActions' amount-review gate; see the fines table below for the complete, source-linked list.
How much has FCA fined in 2014?
RegActions records £1,471,431,800 in disclosed Financial Conduct Authority (FCA) monetary penalties in 2014, based on source-linked notices that have passed the amount-review gate. This excludes non-monetary actions such as prohibitions and public censures.
How many FCA penalties were issued in 2014?
RegActions has recorded 40 disclosed Financial Conduct Authority (FCA) monetary penalties in 2014 so far. This counts individual penalty notices, not firms, since some are fined more than once in a year.
How can I verify a FCA fine?
Start with the firm or individual name, the penalty date and the disclosed amount, then open the linked Financial Conduct Authority notice. The notice sets out the rule breaches, the affected period and the sanction. RegActions links every record to its official source; the regulator's own publication remains the authoritative record.
More FCA fines reports