Further arrest in Crown Currency investigation

clock

A 66-year-old man has been arrested as part of an ongoing investigation into the collapse of Crown Currency.

Officers from the Devon & Cornwall Police Economic Crime Department made the arrest this morning at an address in Cornwall and the man is currently being detained at Camborne Police Station. The force has also executed a search warrant at a property in Bergerac, France with the assistance of local authorities, although no arrests have been made there. Cornwall-based Crown Currency, which allowed individuals and business customers to pre-order foreign exchange at a set price up to a year in advance, collapsed in October, owing customers more than £16m. Six people in Cornwall and Her...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Your profession

PA Asks: Are you worried about losing clients to targeted support?

PA Asks: Are you worried about losing clients to targeted support?

FCA outlined targeted support plans on Monday

Professional Adviser
clock 02 July 2025 • 1 min read
Aveni forms AI advisory board with wealth management leaders

Aveni forms AI advisory board with wealth management leaders

Senior execs from Aviva’s Succession Wealth, Schroders Personal Wealth, 7IM and Rathbones join forum

Sahar Nazir
clock 01 July 2025 • 2 min read
Majority of UK wealth management sector eyes acquisitions this year

Majority of UK wealth management sector eyes acquisitions this year

Continued appetite and momentum in M&A space

Isabel Baxter
clock 30 June 2025 • 3 min read