Reference Case Number: FOI2025/00279
Freedom of Information: Right to know request:
Please can you share the number of whistleblowing allegations under each of your allegation category headings for asset management firms for all of 2023 and 2024?
FCA response:
The number of whistleblowing reports received and recorded under ‘Asset Management’ during the specified period is shown in the table below:
| Time Period | Number of Reports |
|---|---|
| 01 January 2023 – 31 December 2024 | 151 |
These 151 whistleblowing cases contain a total of 410 individual allegations, broken down by category as follows:
| Whistleblowing Allegation | 2023 | 2024 |
|---|---|---|
| AML | 6 | 4 |
| Bribery and Corruption | 4 | 1 |
| Business Continuity Planning | 2 | 0 |
| Capital Adequacy | 3 | 5 |
| Client Assets | 2 | 0 |
| Compliance | 44 | 48 |
| Consumer Detriment | 7 | 17 |
| Consumer Duty | 10 | 8 |
| Crime | 4 | 2 |
| Crypto | 1 | 0 |
| Culture of organisation | 23 | 18 |
| Data Security | 5 | 1 |
| Environmental Social Governance (ESG)\/Greenwashing | 5 | 1 |
| FSMA | 2 | 0 |
| FX-related | 1 | 0 |
| Fitness & Propriety | 40 | 40 |
| Fraud | 12 | 6 |
| Insider Dealing | 3 | 3 |
| KYC | 1 | 1 |
| Market Activity | 8 | 3 |
| Market Manipulation | 2 | 0 |
| Mis-Selling | 1 | 3 |
| Money Laundering | 2 | 1 |
| Pension | 1 | 0 |
| Remuneration and incentivisation | 1 | 0 |
| SYSC 18 | 2 | 4 |
| Senior Managers Regime | 4 | 4 |
| Sexual harassment | 8 | 5 |
| Systems & Controls | 15 | 9 |
| Terrorist Finance | 2 | 0 |
| Treating customers fairly | 2 | 0 |
| Unauthorised Business | 0 | 2 |
| Total: | 224 | 186 |