The Financial Conduct Authority (FCA) has fined Julius Baer International (JBI) £18,022,500 and published decision notices on three of its staff relating to a historic case.
The FCA found that JBI failed to “conduct its business with integrity, take reasonable care to organise and control its affairs, and be open and cooperative with the FCA”.
The FCA also decided to ban: Gustavo Raitzin, former regional head for Bank Julius Baer; Thomas Seiler, former Bank Julius Baer sub-regional hea...