It’s good to see the Financial Conduct Authority flex its muscles at last, but taking five years to bring a case is just too long, argues Tony McClements.
The UK’s tax authorities should be congratulated on levying large fines against businesses that have breached strict anti-money laundering regulations.
Martin Kenney is scathing about an alleged $8.3 billion Danske Bank money laundering scandal via Estonia, which partly relied on false data being submitted to the UK’s Companies House. The bank’s punishment so far? A “stern ticking off.”