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Julius Baer hit with £18m fine over Russia dealings
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fnlondon.comUK regulators fined Swiss private bank Julius Baer more than £18m for improper dealings with Russian companies dating back more than a decade.
The Financial Conduct Authority said it was fining the Swiss private bank's subsidiary Julius Baer International for "failing to conduct business with integrity, failing to take reasonable care to organise and control its affairs and failing to be open and co-operative with the FCA."
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