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Enforcement Actions

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Enforcement Actions

Monzo fined £21 million for fincrime failures, third challenger bank fine inside a year

Challenger bank Monzo has been handed a £21 million fine by the UK Financial Conduct Authority (FCA) for failings in...
By Lindsey Rogerson 8th July 2025
Monzo fined £21 million for fincrime failures, third challenger bank fine inside a year

Financial Crime

Wealthy Gen Z Russian laundered money in luxury properties, claimed ADHD caused offending

On December 4, 2024, the UK’s National Crime Agency (NCA), together with the United Arab Emirates government, the US Drug...
By Rachel Wolcott 25th June 2025
Wealthy Gen Z Russian laundered money in luxury properties, claimed ADHD caused offending

Financial Crime

The privileged, privately educated Russian who ran a cash-to-crypto MLAAS for other wealthy Russians and drug traffickers

Semen Kuksov, son of Vladimir Kuksov, former chairman of AKROS, a leading Russian oil field service company, is one of...
By Rachel Wolcott 24th June 2025
The privileged, privately educated Russian who ran a cash-to-crypto MLAAS for other wealthy Russians and drug traffickers

Enforcement Actions

FCA spent over £300k on insider dealing duo who made £43k

The UK Financial Conduct Authority (FCA) spent over £300,000 investigating and prosecuting two men who made about £43,000 through insider...
By Rachel Wolcott 11th June 2025
FCA spent over £300k on insider dealing duo who made £43k

Enforcement Actions

Over 50% of FCA investigations are public

More than half of UK Financial Conduct Authority (FCA) investigations into regulated listed firms or publicly traded firms are in...
By Rachel Wolcott 11th June 2025
Over 50% of FCA investigations are public

Financial Crime

Jailed UK art dealer ignored due diligence platformʼs alert on Hezbollah financier

Jailed UK art dealer Oghenochuko Ojiri, who knowingly sold art to a sanctioned Hezbollah financier, subscribed to and used an...
By Rachel Wolcott 10th June 2025
Jailed UK art dealer ignored due diligence platformʼs alert on Hezbollah financier

Social

IOSCO: regulators target finfluencers, many report enforcements

International securities regulators are targeting finfluencers, with nearly half (44%) reporting enforcement actions related to online financial content, according to...
By Niece Prayoonrat 30th May 2025
IOSCO: regulators target finfluencers, many report enforcements

Enforcement Actions

Q1 fines top $7bn globally thanks to Ponzi penalty

Financial services fines in the first quarter of 2025 topped $7 billion globally thanks to a $5.9 billion civil penalty...
By Team Corylated 6th May 2025
Q1 fines top $7bn globally thanks to Ponzi penalty