If you are concerned about a potential prosecution involving the Financial Conduct Authority (FCA) or if you have been contacted by a representative of the FCA regarding allegations of money laundering, fraud and business crime, abuse of financial markets or have been issued with a warning notice by the regulatory body or are facing penalties imposed by the FCA, it is advisable that you contact a solicitor as soon as possible.
Our team of serious fraud and business crime solicitors have a wealth of experience in this area and can provide clear, reliable advice and will be able to provide a prompt and detailed assessment of your case.
Who are the FCA?
Following the Financial Services and Markets Act in 2000, the FSA, now the FCA, took over the regulation of the UK financial services industry. One of the organisation’s main aims is the investigation and eradication of financial misconduct, such as:
– Money Laundering
– Fraud and Business Crime
– Abuse of Financial Markets
What Penalties can the FCA Impose on a Business?
The FCA has the power to:
– Issue Fines
– Subject Businesses to Financial Penalties
– Issue Warning, Supervisory and Decision Notices
– Withdraw Financial Permissions and Authorisations
In cases of fraud, money laundering or other serious business crimes, the FCA may choose to prosecute through the UK courts, which could result in custodial sentences or substantial fines for the individuals involved.