FSA warns brokers after latest ban

Tower Hamlets-based broker Zia Chowdhury was found guilty by the regulator of certifying client identities for fraudulent applications. He was also found to have operated his firm, Express Financial, without being approved by the FSA as required. "Our crackdown on mortgage fraud is gathering pace - we have banned more than 40 mortgage brokers over the last two years, and we will continue to ban people who become involved in mortgage fraud, in order to stamp out this behaviour," FSA head of retail enforcement Jonathan Phelan says. The regulator found Chowdhury certified client identity...