Insurance Regulation

Nationwide Fined £44m by FCA on Potential Money Laundering Errors

The latest from the FCA for you; The FCA has fined Nationwide Building Society £44m for inadequate anti-financial crime systems and controls between October 2016 to July 2021. During this period, Nationwide had ineffective systems […]

News

FCA Levies Hefty Fine Against Woodford Investment Management

The Financial Conduct Authority (FCA) has decided to fine both Neil Woodford and Woodford Investment Management (WIM) for failures in their management of the Woodford Equity Income Fund (WEIF). There is a personal fine of […]

Insurance Regulation

FCA Fines Monzo £21m

The latest from the FCA, comment from Monzo below; The Financial Conduct Authority (FCA) has fined Monzo Bank Ltd £21,091,300 for its inadequate anti-financial crime systems and controls between October 2018 and August 2020. Monzo […]

Insurance Regulation

FCA Takes Action Against Mako LLP

The latest from the FCA for you; The Financial Conduct Authority (FCA) has fined Mako Financial Markets Partnership LLP (Mako) £1,662,700 for failing to ensure it had effective systems and controls to guard against financial […]