FCA chair: Financial crime 'has reached epidemic proportions'

Charles Randell outlines FCA's approach to combating fraud

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Charles Randell: "But too many people are currently pressured into investing in illiquid high cost and high risk investments."
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Charles Randell: "But too many people are currently pressured into investing in illiquid high cost and high risk investments."

Investment fraud is one of the "the most damaging" aspects of financial crime, which "has reached epidemic proportions" with a growing number of investors scammed out of their savings, according to FCA chair Charles Randell.

The Financial Conduct Authority (FCA) has been the target of much criticism for its handling of a spate of high profile scams and inappropriately risky investment scandals, such as that of London C...

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