FCA fines down to £60.5m in 2018


Regulator’s annual total falls from £229.5m in 2017.

The Financial Conduct Authority (FCA) dished out £60,467,212 in fines last year.

This was down substantially on 2017’s £229,515,303 total.

However, the number of penalties handed out actually rose – from 13 in 2017 to 15 in 2018.

The main driver of the discrepancy between the two measures was Deutsche Bank's hefty £163m bill on 31 January 2017 for failing to maintain an adequate anti-money laundering control framework.

The highest ever total was £1.47bn in 2014.

That year was

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