In our latest podcast, we discuss some of the key recent Financial Conduct Authority enforcement developments and outcomes, and key lessons learned for firms from these, including recent publicity developments and the cases concerning Nationwide Building Society, the Institute of Certified Bookkeepers and two former Finance Directors of Carillion plc.
For further information in this
In our latest briefing note, we explore the current enforcement hot topics and lessons learned from recent regulatory enforcement cases to help senior managers avoid the common pitfalls, reduce personal risk and stay out of the regulatory spotlight.
Following publication of the FCA’s Policy Statement: Tackling non-financial misconduct (NFM) in financial services (PS25/23), we take a look at what it means for firms and what actions they should be taking as we move towards 1 September 2026 when the new Code of Conduct (COCON) rule; the new COCON guidance
On 28 January 2026, the Financial Conduct Authority (FCA) published its first enforcement newsletter – Enforcement Watch 1 – which aims to cover the FCA’s insights and themes from its enforcement work as part of the FCA’s move towards greater transparency in this area.
The newsletter provides an update on the following three
On 7 January 2026, the Financial Conduct Authority published Final Notices fining two former Finance Directors for their part in misleading statements being issued by Carillion plc (see Richard Adam Final Notice and Zafar Khan Final Notice). For the key takeaways from this case, as well as the key findings, please see our latest
On 28 November 2025, the Financial Conduct Authority published a Final Notice in respect of the Institute of Certified Bookkeepers, imposing a public censure for breaching certain provisions of The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 due to serious deficiencies in its anti-money laundering supervision. For the
On 12 December 2025, the Financial Conduct Authority published a Final Notice imposing a fine of £44,078,500 on Nationwide Building Society for inadequate anti-financial crime systems and controls between October 2016 and July 2021. For the key takeaways from this case, as well as the key findings, please see our latest Notice in a Nutshell
Authorised Push Payment (APP) fraud continues to be one of the most damaging and rapidly evolving forms of financial crime in the UK. In these scams, victims are tricked into willingly transferring money to fraudsters under the guise of legitimate transactions. Unlike unauthorised fraud, where criminals gain access to accounts without consent, APP
ESG may have been overtaken on the board agenda in recent times by other threats perhaps perceived to be more pressing and against a wider economic and political backdrop in which many have been placing greater emphasis on growth and opportunity. This may have the effect of understating the level of risk posed to businesses
On 12 December 2025, the Financial Conduct Authority (FCA) published its final guidance on non‑financial misconduct (NFM) in financial services in Policy Statement PS25/23. In summary, the FCA is:
(i) amending its Code of Conduct (COCON) sourcebook to explain how NFM can be a breach of the conduct