FCA fines Julius Baer International Limited £18m and bans three former employees

UK subsidiary of Swiss private bank fined for failing to conduct its affairs with integrity and enabling Russian finders-fee deals.

The investment advisory and wealth management firm Julius Baer International Limited (JBI) has been fined £18,022,500 ($21,5m) by the Financial Conduct Authority (FCA). The FCA found that JBI failed to conduct its business with integrity, failed to take reasonable care to organise and control its affairs, and failed to be

The

Free Trial

Register for free to keep reading.

To continue reading this article and unlock full access to GRIP, register now. You’ll enjoy free access to all content until our subscription service launches in early 2026.

  • Unlimited access to industry insights
  • Stay on top of key rules and regulatory changes with our Rules Navigator
  • Ad-free experience with no distractions
  • Regular podcasts from trusted external experts
  • Fresh compliance and regulatory content every day
Register for free Already a member? Sign in