FCA secures a further 499-day jail term for convicted money launderer after he failed to repay a £529,961 confiscation order linked to £2.5M in fraud proceeds, ensuring he remains liable for victim losses

In 2021, Richard was originally sentenced to 5 years and 10 months in prison after the FCA successfully prosecuted him for laundering around £2.5 million. He was part of a transnational organised crime group that facilitated proceeds from at least seven overseas...

FCA opens Pre-application support service for crypto firms ahead of the UK’s new FSMA crypto regime, with authorisation applications launching on 30 Sept 2026 before full implementation in Oct 2027

From 11 May 2026, firms planning to carry out regulated crypto activities will be able to request free pre-application meetings with the FCA to discuss their business models, regulatory expectations, compliance requirements, and authorisation process before formally...