FSA warned over Crown Currency by police in 2006

Following the debacle, the regulator is also now in discussions with the Treasury on possible changes to put companies such as Crown Currency Exchange under stricter supervision, the Sunday Telegraph reports. The FSA received three separate warnings about the company including one from Cheshire Police. Although the details of the reports are unknown, in each case the FSA concluded the concerns raised did not fall within its remit or dropped the matter after contacting the company. In October, Crown Currency went into administration owing £16m to its customers with around 8,000 credito...