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.
Read more...TSB fined £48.65m for 'operational failures'
- Tuesday, 20 December 2022
- Articles
TSB Bank has been fined £48.65m by the FCA and PRA for "operational failures" that led to customers being unable to access banking services.
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