FCA fines MBL £13M for control deficiencies allowing trader to conceal over 400 fictitious trades
The FCA has fined Macquarie Bank Limited – London Branch (MBL) £13 million for serious failings.
The FCA has fined Macquarie Bank Limited – London Branch (MBL) £13 million for serious failings.
Australia’s Federal Court has ordered Macquarie Bank to pay a penalty of $10 million for lack of effective controls to prevent unauthorised fee transactions.