News

The Financial Crimes Enforcement Network will erase beneficial ownership information submitted by tens of millions of legal entities since January 2024 and dramatically scale back collection of such data, ACAMS moneylaundering.com reported. More Nigel Farage, the leader of Reform UK, a conservative nationalist party leading the polls in Britain, said he wants to axe the Financial Conduct Authority and reassign the agency's mandate to the Bank of England if he wins the next election, Financial News reported. More Nottinghamshire financier John Burford has been sentenced to two years in prison for orchestrating a £1 million investment fraud, the FCA disclosed....