The Prudential Regulation Authority (“PRA”) has kicked-off 2024 by crystallising its new approach to enforcement. The key change is the introduction of the Early Account Scheme (“EAS”), which provides a mechanism for the...more
The FCA released its 2022/23 Annual Report last week together with data on its key enforcement trends. We consider below some of the key takeaways....more
7/28/2023
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Anti-Money Laundering ,
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UK
Last week, mobile phone retail giant, The Carphone Warehouse (the “Firm”), was fined £29,107,600 by the FCA for pressure-selling its mobile phone insurance and technical support product known as “Geek Squad” to mobile phone...more