Gatehouse Bank Plc
Reference number: 475346
Instant download
Authorised by the FCA
This firm is on the FCA register and authorised to carry out regulated activities.
Identity
Check their details
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.
-
Verified website
-
Verified phone number
-
Verified address
Gatehouse Bank, 1 South Place, London, Islington, EC2M 2RB, United Kingdom
Company details
From the company's Companies House record.
- Company number
- 06260053
- Company status
- Active
- Company type
- Public limited company
- Incorporated
- 25 May 2007 (19 years old)
- Registered office
- The Helicon, One South Place, London, EC2M 2RB, England
- Nature of business
-
- Banks (SIC 64191)
- Financial intermediation not elsewhere classified (SIC 64999)
- Security and commodity contracts dealing activities (SIC 66120)
- Activities auxiliary to financial intermediation not elsewhere classified (SIC 66190)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Fahed Faisal Boodai | Director | Nov 1973 | 25 May 2007 |
| Gerald Gregory | Director | Apr 1955 | 10 Dec 2015 |
| Abdulaziz Saud Albader | Director | Jul 1958 | 15 Feb 2017 |
| Charles William Haresnape | Director | Jul 1958 | 8 May 2017 |
| Danesh Paul Mahadeva | Director | Jun 1983 | 17 Aug 2017 |
| Usman Ahmed Chaudry | Director | Jan 1977 | 29 Apr 2021 |
| Lesley Beecher | Director | May 1965 | 1 Apr 2023 |
| Phillip Alexander Mclelland | Director | Sep 1966 | 29 Apr 2024 |
| Mohammed Abdul Mohaimin Chowdhury | Secretary | Not published | 1 Oct 2015 |
Activities and protection
What they can do, and how you are protected
- Hold or safeguard your money FSCS may applyEligible deposits are typically protected by the FSCS up to £120,000 per person, per banking group.
- Give regulated advice FSCS may applyA 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 applyEligible investment and pension claims are typically FSCS-protected up to £85,000 per person, depending on the product and your circumstances.
- Arrange equity release FSCS may applyMortgage advice and arranging may be FSCS-covered, up to the limit that applies.
Show FCA detail (15 permissions)
- Accepting Deposits
- Administering a home purchase plan
- Advising on a home purchase plan
- Advising on investments (except on Pension Transfers and Pension Opt Outs)
- Advising on P2P agreements
- Arranging (bringing about) a home purchase plan
- Arranging (bringing about) deals in investments
- Causing dematerialised instructions to be sent
- Dealing in investments as agent
- Dealing in investments as principal
- Entering into a home purchase plan
- Making arrangements with a view to a home purchase plan
- Making arrangements with a view to transactions in investments
- Managing investments
- Sending dematerialised instructions
Complaints: You can refer a complaint about this firm to the Financial Ombudsman Service for free, whichever activity it relates to.
Track record
Action taken against them
1 fine in 2022, £1.58m in total. This is part of the official register record and is worth reviewing before going ahead.
-
Fined £1.58m on 14 October 2022
The Financial Conduct Authority (FCA) has fined Gatehouse Bank Plc £1,584,100 for significant weakness in its financial crime systems and controls. Between June 2014 and July 2017 Gatehouse failed to conduct sufficient checks on its customers based in countries with a higher risk of money laundering and terrorist financing. Gatehouse also failed to undertake the correct checks when some of the customers were classed as Politically Exposed Persons (PEPs). In one instance, Gatehouse Bank set up an account for a company based in Kuwait to aggregate customer funds. Gatehouse Bank did not require the company to collect information about customers’ source of funds or wealth, which was required under Gatehouse’s anti-money laundering policies. As a result, over a two year period, Gatehouse accepted US$62,000,000 into the account without properly vetting the funds for financial crime risks. This example illustrates the risks of failing to have proper systems and controls. Gatehouse has subsequently taken significant steps to improve its financial crime systems and controls. Mark Steward, Executive Director of Enforcement and Market Oversight, commented: ‘Gatehouse Bank’s failures exposed itself to the risk that it might be used as part of a laundering process for illegal funds. While not deliberate, there can be no excuse for failures as serious as this. The FCA will continue to hold firms to account for poor anti-money laundering systems and controls.’ Here is the link.
Previously registered as
The FCA register holds one earlier registered name for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.
- Gatehouse Bank Plc
Names it no longer trades under
This firm has retired one trading name. If you were contacted under one of these, the name did belong to this firm, but check the current details above before going ahead.
Show the retired name
- Milestone Savings
Download this page as a PDF report
£5 for a clean, timestamped copy you can keep, file or send on. It also helps keep the site free to use and free of ads.
Instant download
Common questions