Arvinsingh Canaye, 32, a Mauritian was In 2018 in the United States convicted by US justice for embezzlement and money laundering up to Rs 300 million. In 2019 he was expelled from the US and forced to return to Mauritian soil by US judges (read more below)In April 2019 he was arrested on his arrival […]

The Financial Conduct Authority (FCA) has today published its Business Plan for 2019/20, which outlines the key priorities for the coming year. As the UK finalises preparations to leave the European Union, the immediate priority will remain supporting an orderly transition post-exit. The FCA will also continue to play a leading role in shaping the […]

In January 2019, the FCA published a consultation paper[1] that sets out guidance on how cryptoassets can be subject to its regulation. The Guidance is relevant to any firm issuing, creating, buying, selling, holding or storing cryptoassets, firms marketing cryptoasset products and services, as well as their advisers. The draft guidance, which sets out a three-category […]

On 28 September 2016, the Financial Conduct Authority (FCA) marked six months since the implementation of the Senior Managers and Certification Regime by providing feedback on its implementation so far and proposing measures to further strengthen the regime. The new measures are part of the FCA’s continued focus on culture, and build on initiatives to […]

The FCA has today banned two individuals following fraud convictions The FCA has today banned two individuals from performing any function in relation to any regulated activity in the financial services industry. On 22 November 2013, Richard Aston Clay (‘Mr Clay’) and Kathryn Joy Clark (‘Ms Clark’) were charged with dishonesty offences by the Serious […]

The FCA has published a “Dear CEO” letter on its expectations of principal firms operating in the general insurance sector. In the letter, the FCA refers to the publication of the results of its thematic review into the supervision by principal firms of their appointed representatives in the general insurance sector The review found widespread […]

On 7 July 2016, the Financial Conduct Authority (FCA) published its finalised guidance (the Guidance), “FG16/5 – Guidance for firms outsourcing to the ‘cloud’ and other third-party IT services”. http://bit.ly/29ofvk8 http://bit.ly/2a4UhDH FCA Guide Aims The Guidance aims to clarify the requirements on firms when outsourcing to the cloud and other third-party IT service providers. It […]

The FCA has banned Mr Peter Johnson, former compliance officer of Keydata Investment Services Ltd (Keydata), from performing regulated activities in the UK. This follow the FCA’s publication of decision notices against Mr Johnson, the former CEO and former sales director at Keydata Were it not for Mr Johnson’s serious financial hardship, the FCA would […]