Four people have been arrested following a major investigation by the FCA and the police into fraud and money laundering activity in London and the South.
The FCA said today that arrests and searches were made as part of the investigation.
Four people were arrested and search warrants were executed in Hackney, Beckenham and Slough as part of the probe.
The arrests and searches were carried out by the police’s Eastern Region Special Operations Unit and South East Regional Organised Crime Unit with the FCA also involved.
The suspects have been interviewed under caution by the FCA and released on bail. The investigation is ongoing and further updates will be provided in due course, the watchdog said.
No further details of the arrests have been released at this stage.