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  1. The FCA announces outcome of investigation into 4 life insurance companies

    Press Releases Published: 19/09/2018 Last modified: 19/09/2018
    The Financial Conduct Authority (FCA) has today announced that its remaining investigations into firms, following its thematic review into the fair treatment of longstanding customers in the life insurance sector, have each been closed.
  2. Michael Nascimento sentenced to 11 years’ imprisonment in FCA prosecution of £2.8m investment fraud

    Press Releases Published: 17/09/2018 Last modified: 17/09/2018
    Michael Nascimento was today sentenced to 11 years’ imprisonment for his role in a share fraud carried out through a series of boiler room companies which led to the loss of more than £2.8 million of investors’ money. He was the controlling mind, instigator and the main beneficiary of the fraud.
  3. The Financial Conduct Authority bans former Deutsche Bank trader, Christian Bittar

    Press Releases Published: 14/09/2018 Last modified: 14/09/2018
    The Financial Conduct Authority (FCA) has banned Christian Bittar from performing any function in relation to any regulated financial activity.
  4. Five sentenced in FCA prosecution of £2.8m investment fraud

    Press Releases Published: 04/09/2018 Last modified: 04/09/2018
    Operation Tidworth was the FCA’s second largest ever criminal prosecution. The instigator and main beneficiary of the fraud, Michael Nascimento, will be sentenced separately on 14 September 2018.
  5. Regulators warn public of pension scammer tactics as victims report losing an average of £91,000 in 2017

    Press Releases Published: 14/08/2018 Last modified: 14/08/2018
    A new campaign to tackle pension scams launches today as the latest figures reveal that victims of pension scammers lost an average of £91,000 each in 2017. 
  6. FCA consults on rules and guidance to improve conduct and communications in payment services and e-money firms

    Press Releases Published: 01/08/2018 Last modified: 01/08/2018
    The Financial Conduct Authority (FCA) is consulting on rules and guidance to improve conduct standards and communications in the payment services and e-money sectors.
  7. Upper Tribunal upholds FCA decision to fine and ban Chief Executive of TailorMade Independent Limited, Alistair Burns

    Press Releases Published: 01/08/2018 Last modified: 01/08/2018
    On 31 July 2018, the Upper Tribunal upheld the Financial Conduct Authority’s (FCA) decision to prohibit Alistair Burns, Director and CF1 of TailorMade Independent Limited (TMI) from performing any FCA significant influence or senior management function, on the basis of his fundamental lack of competence and capability to perform such
  8. Four former directors of online consumer credit broker banned for misleading customers

    Press Releases Published: 25/07/2018 Last modified: 25/07/2018
    The Financial Conduct Authority (FCA) has banned David James Carter Mullins, Edward John Booth, Christopher Paul Brotherton and Mark Robert Kennedy, the former directors and shareholders of Secure My Money Limited (now dissolved).
  9. FCA secures increased confiscation order against Benjamin Wilson

    Press Releases Published: 11/06/2018 Last modified: 11/06/2018
    Today, His Honour Judge Grieve QC sitting at the Central Criminal Court increased the value of a confiscation order made against Benjamin Wilson, a convicted fraudster, from £1 to £31,905.33. The increased order must be paid within 28 days or Mr Wilson will face a further 14 months in prison.
  10. FCA fines and imposes a restriction on Canara Bank for anti-money laundering systems failings

    Press Releases Published: 06/06/2018 Last modified: 06/06/2018
    The Financial Conduct Authority (FCA) has fined Canara Bank £896,100 and has imposed a restriction, preventing it from accepting deposits from new customers for 147 days.