The FCA has fined trader Mako Financial Markets Partnership LLP £1,662,700 for failing to ensure it had effective systems and controls to guard against financial crime.

The FCA has fined interdealer broker Arian Financial (FRN 415230) £288,962.53 for failing to ensure it had effective systems and controls against financial crime.

New analysis of FCA fines data by Financial Planning Today has revealed that the total sum of financial penalties imposed by the regulator in 2024 tripled compared to 2023.

The FCA has fined Starling Bank just under £29m for financial crime failings related to its financial sanctions screening.

Pension schemes have been fined more than £33,000 by The Pensions Regulator (TPR) after failing a detailed value for members (dVFM) assessment.