Category: FCA

UK Financial Conduct Authority Plans Faster Response Against ‘Problem Firms’

April 7, 2022
Business & Economyeconomic policiesFCAProblemsregulatorUKUncategorizedWorld
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The Financial Conduct Authority (FCA) has announced a new strategy to shut down “problem firms” that do not meet basic regulatory standards. Bosses at the regulator said they are concerned that the cost-of-living crisis could see households turn to lenders in greater numbers to manage their finances. The three-year plan will see 80 new staff…

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NatWest Money Laundering Case Linked to Second Criminal Trial, Prosecutors Say

March 20, 2021
CPSFCAFowler Oldfieldmoney launderingmoney laundering lawsU.K. Financial Conduct AuthorityUKWorld
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LONDON—Criminal money laundering charges against British state-backed bank NatWest are linked to a separate case against 13 individuals based in cities across the country, prosecutors have told Reuters. Britain’s financial regulator, the UK Financial Conduct Authority (FCA), started a criminal action against NatWest on Tuesday, making it the first bank to be charged under a…

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Britain’s NatWest Bank Faces Money Laundering Charges

March 16, 2021
anti-money launderingFCAmoney launderingUKWorld
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LONDON—Britain’s financial regulator has started a criminal action against NatWest over allegations it failed to detect suspicious activity by a customer depositing nearly £400 million ($553 million) over five years, mostly in cash. The action is the first such case against a British bank under a 2007 money laundering law. If convicted, the bank faces…

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Fiat Chrysler, Peugeot Get Green Light for $52 Billion Carmaker

January 4, 2021
automakerBusinessEuropeFCAPSAWorld
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PARIS/MILAN—Fiat Chrysler (FCA) and PSA said on Monday that investors had given their blessing to a $52 billion merger to create the world’s fourth largest automaker, and shares in the new company, named Stellantis, would start trading in two weeks. With annual production of around 8 million vehicles worldwide and revenues of more than 165…

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