FCA reveals it is investing in technology to improve investigations
Regulator emphasises urgency for firms to safeguard clients and combat fraud
Up a fifth on 2015/16
Home secretary announced review last year
Led to 16 full investigations
Plus the 2015 Insurance Act and financial crime reporting
An adviser who stole more than £200,000 from a client's pension has now been ordered to pay it back, plus interest, as well as serve three years in prison.
The regulator's clamp-down on financial crime will have an effect on advisory firms who are often seen as the gate-keepers to financial services, a consultancy has said.