FCA fines firms £568 million in single year

News Team, 17/01/2022

The Financial Conduct Authority (FCA) handed out fines totalling £568 million to financial services firms in 2021. 

The £568 million total comprised fines against major banks and action against individuals for insider dealing, non-financial misconduct and carrying out regulated activities without authorisation.

Specialists at Parliament Street think tank concluded the high quantity of financial penalties is in response to the new forms of financial crime buoyed by t...

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