Habib Bank AG Zurich

Reference number: 113991

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Authorised by the FCA

This firm is on the FCA register and authorised to carry out regulated activities.

Website, phone number and address

Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.

In the full report: 3 background checks

  • When habibbank.com first appeared online, and whether it can receive email
  • What kind of line 020 7452 0200 is, and the other firm that gives it
  • Who else gives the postcode EC2R 6JJ
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FCA permissions and consumer protection

  • Hold or safeguard your money FSCS may apply
    Eligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.
  • Give regulated advice FSCS may apply
    A claim for unsuitable advice is itself FSCS-protected, up to the limit that applies to the product you were advised on.
  • Manage or trade investments FSCS may apply
    Eligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
  • Advise on or arrange mortgages FSCS may apply
    Mortgage advice and arranging may be FSCS-covered, up to the limit that applies.
  • Lend or arrange credit No FSCS cover
    Consumer credit is not covered by the FSCS, so there is no compensation scheme if the firm fails.
  • Complaints Ombudsman, free
    You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Show FCA detail (13 permissions)
  • Accepting Deposits
  • Administering a regulated mortgage contract
  • Advising on investments (except on Pension Transfers and Pension Opt Outs)
  • Advising on P2P agreements
  • Arranging (bringing about) deals in investments
  • Arranging safeguarding and administration of assets
  • Dealing in investments as agent
  • Dealing in investments as principal
  • Entering into a regulated mortgage contract as lender
  • Entering into regulated credit agreement as Lender (Excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Exercising/having right to exercise lender's rights and duties under a regulated credit agreement (excluding high-cost short-term credit, bill of sale agreement, and home collected credit agreement)
  • Making arrangements with a view to transactions in investments
  • Safeguarding and administration of assets (without arranging)

FCA disciplinary action

FCA action

fine
1
in fines
£525k
most recent
May 2012
  • Fined £525,000 on 15 May 2012
    On 4 May 2012, the FSA imposed a financial penalty of £525,000 on Habib Bank AG Zurich ('Habib'). The penalty is in respect of Habib's failure to comply with Principle 3 in connection to its anti-money laundering ('AML') systems and controls between 15 December 2007 and 15 November 2010. Habib failed to take reasonable care to establish and maintain adequate AML systems and controls. Habib agreed to settle at an early stage of the FSA's investigation. It therefore qualified for a 30% (Stage 1) discount under the FSA's executive settlement procedures. Were it not for this discount, the FSA would have imposed a financial penalty of £750,000 on Habib. In particular, Habib failed to: (1) establish and maintain an adequate procedure for assessing the level of money laundering risk posed by prospective and existing customers (including maintaining a flawed High Risk Country List); (2) conduct sufficient enhanced due diligence ('EDD') in relation to higher risk customers; (3) carry out adequate reviews of its AML systems and controls; and (4) revise training adequately to address shortcomings in AML practice identified by the MLRO and to maintain sufficient records of staff completion of AML training and of all AML steps taken on individual customer accounts. As a consequence of the above failings, Habib was exposed to an unacceptable risk of handling the proceeds of crime. The FSA has considered the disciplinary and other options available to it and has concluded that a financial penalty is the appropriate sanction in the circumstances of this particular case. Since the commencement of the FSA's investigation, Habib and its senior management have worked in an open and co-operative manner with the FSA.

The Financial Ombudsman Service only publishes complaint figures for firms with 30 or more new complaints in six months, so there are none here for this firm.

Companies House record

The company behind the firm: its status, age, registered office and directors.

Company number
FC007990
Company status
Active
Company type
Overseas company
Incorporated
15 November 1973 (52 years old)
Registered office
Weinbergstrasse 59, Zurich, 8006, Switzerland

Directors and company secretaries

Name Role Born Appointed Other companies
Marco Duss (Dr) Director Aug 1943 28 Apr 1994 None
Ulrich Grete Director Aug 1942 1 Nov 2008 1 other company
Andreas Daniel Laenzlinger (Dr) Director Aug 1943 1 Dec 2008 None
Urs Seiler Director Feb 1949 1 Aug 2012 None
Ursula Suter Director Apr 1954 1 Mar 2013 None
Raymond George Lennie Barnes Director Jun 1945 5 Sep 2014 None
Otto Burki (Dr) Secretary Not published 9 Aug 1976 –
Trevor John Bastow Secretary Not published 28 Apr 1994 –

Other companies run by these 6 directors

A firm is run by people, and their other companies are their track record: what they built, what closed, and anything that failed. It is the check most people never think to make.

other company
1
still active
1
is FCA-registered
1

In the full report: all 1 company, named

  • What each company does, and whether it is still trading
  • Which of these 6 directors sit on each board, and since when
  • Any that went into liquidation or administration
  • The one on the FCA register
  • All 15 people who have ever been directors, with their dates
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Key dates in its history

Habib Bank AG Zurich’s history from the FCA register and Companies House, newest first.

Key events (7) All events (35)

2013

1 April 2013

  • Regulated by the FCA from this date
  • Regulated by the Prudential Regulation Authority from this date

FCA register

2012

15 May 2012

  • Fined £525,000 by the FCA

FCA register

2001

1 December 2001

  • Regulated by the Financial Services Authority from this date
  • Became authorised by the FCA

FCA register

2000

10 November 2000

  • Regulated by the Securities and Futures Authority from this date

FCA register

1973

15 November 1973

  • Incorporated at Companies House

Companies House

In the full report: all 35 events

  • All 35 events in its history (7 shown here)
  • Every director appointment and resignation: 24
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Firms connected to Habib Bank AG Zurich

Other FCA-listed firms that share a director, phone number or address with Habib Bank AG Zurich. A link shows who the firm is tied to, not whether either can be trusted.

connected firm
1
share its phone number
1
share its postcode
1

In the full report: the connected firm, named

  • How it is linked: the same phone number (1), the same postcode (1)
  • Who links it to this firm: the named directors, with dates
  • 1 past link through former directors
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Firms like Habib Bank AG Zurich

Other firms of the same type (bank or building society), nearest first.

In London

Wells Fargo Bank, National AssociationLondonAuthorisedCredit Suisse (UK) LimitedLondonAuthorisedUBS AGLondonAuthorisedDB UK Bank LimitedLondonAuthorisedDeutsche Bank AGLondonAuthorisedJ.P. Morgan Securities PLCLondonAuthorised

Firms are listed by type and location, best known first. Being listed is not a recommendation: check any firm before you deal with it.

Get the full report on Habib Bank AG Zurich

Everything on this page, plus everything locked above, in one dated PDF you can keep, file or send on.

  • 1 other company its directors have run, named
  • 3 background checks on its contact details
  • All 35 events in its history
  • 1 connected firm, named, and who links them

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Frequently asked questions about this firm

Is Habib Bank AG Zurich FCA authorised?
Yes, Habib Bank AG Zurich (FRN 113991) is authorised by the FCA to carry out regulated activities. It has held its current authorisation since December 2001 and works as a bank or building society. The FCA has placed no limits on its permissions.
What is Habib Bank AG Zurich’s phone number and website?
The FCA register lists the phone number 020 7452 0200 and the website habibbank.com for Habib Bank AG Zurich. If you were given different contact details, use these to check with the firm before going any further. The same number is also given by one other FCA firm.
Is Habib Bank AG Zurich a scam or clone?
Habib Bank AG Zurich is a genuine FCA-listed firm, and the FCA has published no warnings about fake versions of it. Scammers do copy real firms, though, so check that any contact details you were given match the ones on the register.
Is my money safe with Habib Bank AG Zurich?
It depends on the product, but eligible claims may be protected by the FSCS. You can also refer complaints about Habib Bank AG Zurich to the Financial Ombudsman Service, free of charge.
Who runs Habib Bank AG Zurich?
Companies House lists 6 directors of Habib Bank AG Zurich: Marco Duss (Dr), Ulrich Grete, Andreas Daniel Laenzlinger (Dr), Urs Seiler, Ursula Suter and Raymond George Lennie Barnes.
How long has Habib Bank AG Zurich been in business?
The company was formed on 15 November 1973, and has held its current FCA authorisation since December 2001.
Has the FCA taken action against Habib Bank AG Zurich?
Yes. The FCA register records 1 fine in 2012, £525,000 in total. The details are in the disciplinary section above, with links to the FCA's notices.

Sources and links

The full report on Habib Bank AG Zurich

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