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Financial Conduct Authority
CACEIS UK, an asset servicing bank, has been censured by the FCA and will make a £31.7m voluntary payment to WealthTek clients for failing to act on information that left clients exposed to the risk of financial crime.
Bank of England
Today marks a major milestone in the modernisation of the UK's payments landscape, with the Retail Payments Infrastructure Board (RPIB) launching a consultation on the future design of the UK's next-generation retail payments infrastructure. The new infrastructure will provide a secure foundation for innovation, greater choice and more seamless payments, while supporting existing and emerging forms of digital money. This consultation will help inform the ‘blueprint’ for the future infrastructure, which will then be delivered by the new industry led ‘Delivery Company’.
European Public Prosecutor's Office
At the request of the European Public Prosecutor’s Office (EPPO) in Katowice (Poland), law enforcement authorities detained two suspects on Monday, as part of an investigation into possible fraud involving funds under the Clean Air Programme, with an estimated damage of €795 000 (PLN 3 420 614.77). Of this amount, €628 000 (PLN 2 700 440) concerned EU funds. One of the suspects is the representative of two companies involved in implementing projects under the Clean Air Programme – a Polish government scheme that provides funding to homeowners to replace polluting heating systems and improve energy efficiency in residential buildings, co-funded by the EU. The other suspect acted as an agent for those companies, helping them find homeowners interested in receiving EU funding under the Clean Air Programme. This suspect also served as the representative of the homeowners who signed contracts with those companies for the provision of services and works subsidised under the Clean Air Programme.
