Scammer who conned elderly gets 4 extra years in prison
- Tuesday, 17 January 2023
- Articles
Fraudster Michael Nascimento, who helped scam £2.8m from elderly and vulnerable people, has been sentenced to an additional almost four years in prison for failing to pay a confiscation order against him.
Read more...3 firms declared as failed by FSCS
- Wednesday, 11 January 2023
- Articles
Three financial firms, including a Financial Planning firm, have been declared as failed since the start of the year by the Financial Services Compensation Scheme.
Read more...Bank hit with second money laundering fine
- Wednesday, 11 January 2023
- Articles
The Financial Conduct Authority has fined Nigerian-owned Guaranty Trust Bank (UK) Limited (GT Bank) £7.67m for “serious weaknesses” in its anti-money laundering (AML) systems and controls.
Read more...FCA extends suspension of 10% drop rule notifications
- Friday, 23 December 2022
- Articles
The FCA has extended its suspension of the requirement for firms to issue 10% depreciation notifications to investors.
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