Category: FCA Enforcements

Topic: Decision Notice 2022 : Subject of Enforcement: Richard Adam Date of Notice: 28th July 2022. Overview: Carillion was, until it went into liquidation in January 2018, a leading international construction, project finance and support services business operating in the UK,...

Topic: FCA fines Ghana International Bank Plc £5.8m for failings in its anti-money laundering controls Subject of Enforcement: Ghana International Bank Plc Date of Notice: 23/ 06/22 Overview: The FCA has fined Ghana International Bank Plc (GIB) £5,829,900 for poor...

Topic: FCA refuses authorisation to regulatory consultancy firm Alexander Jon Compliance Consulting Limited. Date: 13/05/2022 Overview: The Financial Conduct Authority (FCA) has refused to authorise Alexander Jon Compliance Consulting Limited (AJCC) to provide regulatory hosting services. This is a service...

Subject of Enforcement:   Alexander David Securities Limited Date of Notice:  29/04/2022 Overview: FCA stops Alexander David Securities Limited disposing of assets without permission The FCA has imposed requirements on corporate advisory firm, Alexander David Securities Limited (ADSL), which means it...

Subject of Enforcement:   Former Redcentric CFO sentenced to five and a half years imprisonment Date of Notice: 03/03/22 Overview: Former Redcentric Plc CFO, Tim Coleman, was sentenced to five and a half years imprisonment and disqualified from being a director...

Subject of Enforcement:   Barclays Bank PLC Date of Notice:   28th February 2022 Overview:  The Financial Conduct Authority has fined Barclays Bank Plc (Barclays) £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX. Barclays was Premier FX’s...

Subject of Enforcement:  Morgan Ingram Associates Limited (formerly SeedTribe Limited) Date of Notice:  28th/ 01/2022 Overview: The FCA instructed that the Firm must terminate its relationships with the following Appointed Representatives (“ARs”) under their respective AR agreements by 17:00 on 6...

Topic:  Craig Whyte appears at court for failing to provide key passwords for seized devices Subject of Enforcement: Craig Whyte Date of Notice:  22/12/2021. Overview: Craig Whyte appears at court for failing to provide key passwords for seized devices In a...

Topic:  FCA fines Sunrise Brokers LLP £642,400 for serious financial crime control failings in relation to cum-ex trading. Subject of Enforcement: Sunrise Brokers LLP Date of Notice:  12/11/2021. Overview: This is the second case brought by the FCA in relation...

Topic:  NatWest Plc pleads guilty in criminal proceedings Subject of Enforcement: Natwest Bank PLC Date of Notice: 07/10/21 Overview: Today, National Westminster Bank Plc (NatWest) entered guilty pleas at Westminster Magistrates’ Court to criminal charges brought by the Financial Conduct Authority...