City Of London
UK Fines and Bans Banque Havilland’s Edmund Rowland Over Qatari Plot
- Banque Havilland and London CEO hit with FCA censure
- Havilland and Edmund Rowland plan to appeal findings
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Edmund Rowland was hit with a financial services ban and his family’s Banque Havilland SA fined £10 million ($12.6 million) by the UK for “improper advice” it gave pushing “manipulative trading strategies” in Qatar.
Rowland, the son of Conservative Party donor David Rowland, failed to act with integrity over a plot to undermine the Qatari financial system in the fall of 2017, the Financial Conduct Authority said Friday. He was also fined £352,000.