Financial Conduct Authority Regulations
The FCA possess substantial powers and can impose heavy penalties, demonstrated by the prosecution of the Nationwide Building Society, the financial penalty imposed in that case being almost one million pounds.
The armoury of the FCA is far-reaching to include injunctions and restitution orders. Individuals and organisations operating within the financial services sector need access to expert guidance to steer a course through what is a maze of complex legislation.
Money laundering regulations, particularly those concerned with the funding of terrorism under the EU third directive, are becoming more far reaching and obligations are placed on those offering financial services. This includes banks, building societies, estate agents, lawyers, accountants and even casinos.
Our extensive experience in dealing with FCA prosecutions means we are well-equipped to respond in the light of allegations by the authorities in this area.
For an initial free consultation contact: email@example.com