FCA fines Julius Baer £18m over 'corrupt' relationship with Russian oil conglomerate

Ban on three former senior executives

Valeria Martinez
clock • 2 min read

The Financial Conduct Authority has fined wealth manager Julius Baer International £18m and imposed a ban on three former senior executives over “corrupt” relationships between the firm and a Russian oil giant.

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Regulation

UK to loosen financial benchmark regulation

UK to loosen financial benchmark regulation

90% less regulated benchmarks

Patrick Brusnahan
clock 18 December 2025 • 2 min read
FCA's non-financial misconduct rules 'opaque' over social media activity

FCA's non-financial misconduct rules 'opaque' over social media activity

Lack of definitions and case studies

Cristian Angeloni
clock 16 December 2025 • 3 min read
 FCA chief: No allegations of market abuse around Budget leaks so far

FCA chief: No allegations of market abuse around Budget leaks so far

Serious concern

Alex Sebastian
clock 16 December 2025 • 3 min read
Trustpilot