Fraud in 2024: A Continued Threat to Financial Security
June 20, 2025
Fraud is still one of the biggest challenges to the UK’s financial system, with more than £1 billion being taken through payment fraud in 2024
Tag: Financial Crime
The audits the FCA expects – are you meeting the standard? [infographic]
May 27, 2025
As regulatory expectations continue to rise, many e-money and payments firms are finding themselves under greater scrutiny from the FCA — particularly when it comes
FCA charges John Dance with fraud and money laundering related to WealthTek
March 6, 2025
The Financial Conduct Authority (FCA) has brought significant criminal charges against John Dance, the former principal partner of WealthTek LLP (formerly Vertus Asset Management LLP).
FCA fines Mako Financial Markets for failings related to cum-ex trading
February 21, 2025
The Financial Conduct Authority (FCA) has fined Mako Financial Markets Partnership LLP (Mako) £1,662,700 for significant failures in its financial crime controls. The regulator found
Tackling money mule activity: Takeaways from the FCA’s review
January 30, 2025
The Financial Conduct Authority (FCA) has recently published its findings on how firms are using the National Fraud Database (NFD) and money mule account detection
How Neopay can help firms adapt to FCA’s updated Financial Crime Guide
December 5, 2024
The Financial Conduct Authority (FCA) has issued important updates to its Financial Crime Guide, following a public consultation on proposed changes. These revisions are aimed
FCA fines Metro Bank £16 million for financial crime failings
November 13, 2024
The Financial Conduct Authority (FCA) recently levied a substantial £16,675,200 fine against Metro Bank PLC (Metro) for significant shortcomings in its financial crime prevention systems
What businesses can learn from Starling Bank’s £29M FCA fine
October 3, 2024
The recent £29 million fine imposed on Starling Bank by the Financial Conduct Authority (FCA) for financial crime failings offers important lessons for businesses in
FCA imposes first ever £3.5m fine for breach of financial crime controls
July 26, 2024
CB Payments Limited (CBPL), a subsidiary of the globally recognised cryptoasset trading platform Coinbase, has been fined £3,503,546 by the Financial Conduct Authority (FCA) for
FCA Authorisations: How are things changing? Are things improving?
July 2, 2024
The FCA is focusing on improving its authorisation processes. Taking steps to overcome some of the problems firms have experienced in the last few years,