The Financial Conduct Authority has imposed a £44 million fine on Nationwide Building Society for significant failures in its financial crime systems and controls, reinforcing the regulator’s uncompromising stance on anti-money laundering governance across the UK banking sector. The penalty relates to weaknesses that persisted between October 2016 and July 2021, during which Nationwide was unable to effectively identify, assess, monitor, or manage money laundering risks withi

The Financial Conduct Authority (FCA) has banned and fined financial advisor Neil Sedgwick Dwane £100,281 for insider dealing, following misconduct that breached market integrity and professional trust. In 2022, Mr Dwane, acting as an advisor for ITM Power Plc (ITM), had access to confidential market-sensitive information concerning an upcoming company announcement scheduled for 27 October. The announcement triggered a 37% drop in ITM’s share price. The day before the announc

For more than a decade, challenger banks have styled themselves as the antidote to a stagnant, fee-ridden and tech-deficient banking...

The Financial Conduct Authority (FCA) has secured the sentencing of Matthew and Nikolas West for insider dealing, with the brothers...

The Financial Conduct Authority (FCA) has fined Barclays Bank UK PLC and Barclays Bank PLC a combined £42 million following two separate...

The Financial Conduct Authority (FCA) has imposed a fine of £21,091,300 on Monzo Bank Ltd for serious weaknesses in its financial crime...

On 11 April 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) imposed a £5,000 monetary penalty on Svarog Shipping &...

The Financial Conduct Authority (FCA) has announced its decision to fine Crispin Odey, founder of Odey Asset Management LLP (OAM), £1.8...

A group of medical providers and marketing entities have agreed to pay a combined total of $1,913,808 to settle allegations of False...

Gal Haimovich, 49, of Israel, was sentenced today to 24 months in prison and three years of supervised release for conspiracy to...

Note : View the settlement agreement here .  Health Net Federal Services Inc. (HNFS) of Rancho Cordova, California and its corporate...

The FCA has fined Mako Financial Markets Partnership LLP (Mako) £1,662,700 for failing to ensure it had effective systems and controls to...