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Banque Havilland Loses UK Appeal Over Qatar Currency Plot as Tribunal Slashes Fine
Luxembourg-based Banque Havilland has failed to overturn sanctions imposed by Britain’s financial watchdog over an alleged scheme connected to efforts to weaken Qatar’s currency, though a UK tribunal has significantly reduced the financial penalty. In a ruling issued on Tuesday, London’s Upper Tribunal rejected the bank’s appeal against the Financial Conduct Authority’s findings but lowered the fine to £4mn from the original £10mn. The tribunal also upheld penalties imposed o
5 hours ago2 min read
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