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LATEST: UK’s FCA issues £313M (€368M) in fines in 2021-22 financial year

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority (FCA) issued £313M (€368M) in fines in the 2021-22 financial year, marking a significant increase of 65% on the previous year.

In its annual report, the FCA said the watchdog had imposed financial penalties of £313M (€368M) and “started prosecutions alleging insider dealing, investment fraud and money laundering” during the twelve-month period. 

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