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Sky News on MSNBC-20220326-07:33:00

some nasty fraudster, who had a license from the uk authorities. >> when premier fx currency exchange firm went bust, 10 million pounds of its customers money was missing. the crash cost them retirement homes, life savings and pension pots. in some of its dealings with expats in portugal and spain, premiere fx had been operating illegally. initially, there was little or no help for victims from their various agencies they appealed to. >> i spoke to her majesty's treasury quite a bit about this at that beginning. they said, no one is interested in fraud in the uk. he said, the uk government will only get involved if it's a big international scam. and there's a certain amount of kudos in the government and working together with our international partners to actually bring down some big crooks. he said, you know, it's good for us and it's good for the city of london. >> but the hundred and 67 victims campaigned and eventually the uk's financial

Uk , Money , Customers , Firm , Fx , Crash-cost , Fraudster , Authorities , Retirement-homes , Life-savings , License , Currency-exchange

Sky News on MSNBC-20220326-06:20:00

he said, the uk government will only get involved if it's a big international scam. and there's a certain amount of -- in the government and working together with our international partners to actually bring down some big crooks. he said, you know, it's good for us and it's good for the city of london. >> but the hundred and 67 victims campaigned and eventually the uk's financial conduct authority did investigate. with premiere fx gone, it put the companies bankers in the dark. it find barclays three quarters of 1 million pounds for its feelings. and the bank has agreed to refund the stolen 10 million pounds. the f c a said there was a failure by barclay's to conduct its business with do skill, care and diligence. premier fx collapsed after its owner, peter, died suddenly in 2018. he was licensed to buy the financial conduct authority, but only for transferring

Government , Us- , Uk , Amount , Partners , Crooks , Big-international-scam , City-of-london , Victims , Companies , In-the-dark , Bankers