QPay Europe Limited, has consented to a court order to give up £2m held in its name, following legal proceedings brought by the Financial Conduct Authority (FCA) under the Proceeds of Crime Act.

Legal firm Leigh Day has launched court proceedings on behalf of Woodford investors against Link Fund Solutions Limited over the failed Woodford Equity Income Fund (WEIF). 

Former investment adviser Richard Faithfull has been sentenced to 5 years and 10 months in prison for laundering money.

The Financial Conduct Authority (FCA) has charged Simon Day (date of birth 17 March 1973) with one offence of money laundering, contrary to Section 327(1) of the Proceeds of Crime Act.