The FCA has set out its business plan for 2024/25, promising to continue to focus on preventing serious harm to consumers, setting higher standards and promoting competition.

The FCA has provisionally fined Nailesh Teraiya, formerly sole controller and chief executive of Indigo Global Partners Limited (Indigo), £5.95m and has provisionally banned him from carrying out any regulated activity after finding him guilty of making fake trades.

Convicted money launderer and ex-solicitor Dale Robert Walker, 64, has satisfied a confiscation order after a member of his family paid £33,500 outstanding from £716,719 he was ordered to repay due to his criminal activities relating to an investment scheme.

The FCA is to conduct a review into what regulated firms are doing to understand and respond to the needs of customers in vulnerable circumstances.