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Release Date: 12th November 2021

To access the original FCA document, click here.


Sunrise Brokers LLP has been fined £642,400 by the Financial Conduct Authority (FCA) for serious failings in financial crime controls related to cum-ex trading activities. The fine addresses deficiencies in their anti-money laundering systems and controls, specifically concerning trades introduced by the Solo Group between 17 February 2015 and 4 November 2015. The FCA identified that Sunrise facilitated suspicious trading patterns indicative of financial crime, including enabling withholding tax reclaims in Denmark and Belgium.

Key findings include:

Key Takeaways for Other Firms:

In conclusion, the FCA’s action against Sunrise Brokers LLP highlights the critical importance of stringent financial crime controls and the need for firms to maintain rigorous compliance standards to prevent facilitating fraudulent activities.

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