Financial Conduct Authority
FCA charges Simon Day with one offence of money laundering
Following a joint investigation by the Financial Conduct Authority and City of London Police, the FCA has charged Simon Day with one offence of money laundering, contrary to Section 327(1) of the Proceeds of Crime Act.
Mr Day is due to appear at Westminster Magistrates Court on 10 August 2021.
The offence relates to activity between 11 October 2017 and 10 July 2018.
The FCA will not make any further comment pending Mr Day’s first appearance in court.
Notes to editors
- Simon Day (DOB: 17/03/1973)
- The FCA has an overarching strategic objective of ensuring the relevant markets function well. To support this, it has 3 operational objectives: to secure an appropriate degree of protection for consumers; to protect and enhance the integrity of the UK financial system; and to promote effective competition in the interests of consumers.
- Find out more information about the FCA.
Latest News from
Financial Conduct Authority
FCA bans Jon Frensham from working in financial services17/09/2021 12:10:00
The FCA has banned director Jon Frensham (formerly known as Jonathan James Hunt) from performing any regulated activity.
FCA and TPR outline a framework for value for money in defined contribution pension schemes16/09/2021 13:20:00
The FCA and The Pensions Regulator (TPR) have published a joint discussion paper on developing a common framework for measuring value for money (VFM) in defined contribution (DC) pension schemes. The aim of the two regulators is to drive a long-term focus on VFM across the pensions sector
Barrow & District Credit Union enters administration16/09/2021 10:20:00
Barrow & District Credit Union Limited was placed into administration on 16 September 2021 and has now stopped trading. James Sleight and Peter Hart of PKF GM have been appointed as administrators.
FCA sets out plan to tackle investment harm15/09/2021 11:15:00
The consumer investments market accounts for £1.6 trillion held or invested by consumers through the services of over 6,000 wealth managers, advisors and investment platforms. While most of this market meets consumers’ needs, there are some areas where harm is occurring.
Richard Faithfull sentenced to over 5 years imprisonment for money laundering10/09/2021 10:25:00
On Thursday 9 September 2021 Richard Faithfull was sentenced to 5 years and 10 months imprisonment for laundering money, contrary to s.327 Proceeds of Crime Act 2002. He was also disqualified from being a company director for a period of 10 years.
FCA to move faster to remove unused firm permissions09/09/2021 14:20:00
The FCA has published draft guidance on a new power that allows it to move faster to remove regulatory permissions that are no longer being used by financial services firms.
Advancis Ltd enters administration09/09/2021 09:05:00
On 7 September 2021, Advancis Ltd (trading as Buddy Loans) was placed into administration. Shane Crooks, Tony Nygate and Kiri Holland of BDO LLP were appointed as Joint Administrators.
We confirm periodic review of pension transfers redress guidance01/09/2021 14:20:00
Finalised Guidance 17/9 (FG17/9) sets out how firms should calculate redress for unsuitable defined benefit (DB) pension transfers. When we published FG17/9 in 2017, we committed in the accompanying Feedback Statement to review the guidance at least every 4 years.