Financial Conduct Authority

Investigation into CMCs and law firms

‘It has enabled us to really think about what’s needed’

Properties searched

Onboarding subject to permission amid systems and controls review

Daniel Leon Williams banned from regulated activities after being sentenced in 2024

Follows 'substantial debate' over regulator's role

Regulator pushes for ‘periodic’ assessments instead

Follows targeted support work

To ‘guard against political influence’

New ten-year limit for bringing complaints