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UK FCA Fines Julius Baer And Bans Executives For Corrupt Business With Russian Yukos!
The UK FCA has fined Julius Baer International Limited (JBI) £18,022,500 for failing to conduct its business with integrity and taking reasonable care to organize and control its affairs. The FCA has also decided to ban Gustavo Raitzin, former Regional Head for Bank Julius Baer (BJB), Thomas Seiler, former BJB Sub-Regional Head for Russia and Eastern Europe and JBI non-executive director, and Louise Whitestone, former relationship manager on JBI’s Russian and Eastern European Desk.