Final yr, the regulator took out 27 enforcement actions, which resulted in £176m price of fines, in its push to crackdown on monetary misconduct.
By comparability, fines in 2023 totalled £53.4m, SteelEye discovered, the primary time in seven years the FCA issued fewer fines, which contributed to such a significant year-on-year enhance in 2024.
WealthTek boss John Dance charged with £64m fraud and cash laundering
The lion’s share of penalties was in relation to breaches of the watchdog’s Ideas of Enterprise, extra particularly PRIN 3, which pertains to administration and management, together with danger ma…
