Enforcement Actions
AllArticles
26 results
Enforcement Actions
SEC fines MUFGʼs UK broker $9.8m for not substituting compliance
The US Securities and Exchange Commission (SEC) has fined MUFG Securities EMEA $9.8 million for failing to apply substituted compliance...
Compliance
Neil Woodford, Woodford Investment Management to appeal £46m FCA fine
The Financial Conduct Authority (FCA) has announced that it is minded to fine Neil Woodford and his eponymous fund management...
Enforcement Actions
Prudential regulator issues ‘first of a kindʼ £1.8 million fine to reinsurer
The UK Prudential Regulation Authority (PRA) has fined Barents Reinsurance SA’s London branch £1.8 million for controls, governance and reporting...
Enforcement Actions
Weak bank customer due diligence in spotlight again after Barclays fined £42 million
Barclays was handed two separate fines by the UK Financial Conduct Authority (FCA) yesterday for failures in its financial crime...
Enforcement Actions
FCA hails Korfuzi siblings’ long insider dealing sentences
The UK Financial Conduct Authority’s (FCA) chief criminal counsel hailed custodial sentences passed on Redinel and Oerta Korfuzi at Southwark...
Enforcement Actions
Monzo fined £21 million for fincrime failures, third challenger bank fine inside a year
Challenger bank Monzo has been handed a £21 million fine by the UK Financial Conduct Authority (FCA) for failings in...
Financial Crime
Wealthy Gen Z Russian laundered money in luxury properties, claimed ADHD caused offending
On December 4, 2024, the UK’s National Crime Agency (NCA), together with the United Arab Emirates government, the US Drug...
Financial Crime
The privileged, privately educated Russian who ran a cash-to-crypto MLAAS for other wealthy Russians and drug traffickers
Semen Kuksov, son of Vladimir Kuksov, former chairman of AKROS, a leading Russian oil field service company, is one of...
