FSA

High staff turnover in offshore firms and inadequate training are increasing the risk of companies becoming the victims of financial crime, according to new findings from the FSA.

Pensioners are more likely to be targeted by fraudsters and con artists, the FSA warns.

The FSA says new retail banking regulation for deposit taking and payment services will promote fairness for consumers.

The Association of Independent Financial Advisers (AIFA) and the Association of Mortgage Intermediaries (AMI) have called for a reduction in the financial demands proposed for intermediary firms, given their lower risk nature.

The City watchdog has been accused of "apathy and complacency" in its regulation of building societies during the boom, by one of its former supervisors, reports The Financial Times.

The FSA has banned a South London mortgage broker and fined him £100,000 for his knowing involvement in the submission of false mortgage applications.

The Landsbanki Guernsey Depositors Action Group (LGDAG) has welcomed the Treasury Committee's call for better regulatory communication between the Crown Dependencies and the FSA.

The FSA has banned two mortgage brokers for failing to prevent their firm being used to perpetrate financial crime and for other 'serious regulatory failures'.

The FSA has won its case before the Financial Services and Markets Tribunal (the Tribunal) to ban the former CEO of Alternative Solutions (AltSol) from working in the UK financial services industry.

The FSA has banned Worcestershire-based financial adviser Norman McCance, and cancelled the permission of his firm, for failing to provide quality and suitable advice.