UK Financial Conduct Authority Fines Sapien Capital Ltd For Serious Financial Crime Control Failings In Relation To Cum/Ex Trading
UK Financial Conduct Authority Fines Sapien Capital Ltd For Serious Financial Crime Control Failings In Relation To Cum/Ex Trading Date 06/05/2021 The FCA has fined Sapien Capital Ltd £178,000 for failings which led to the risk of facilitating fraudulent trading and money laundering. The fine was reduced due to serious financial hardship. This is the first FCA case in relation to cum/ex trading, dividend arbitrage and withholding tax (WHT) reclaim schemes. There are currently a number of ongoing and overlapping investigations. Between 10 February 2015 and 10 November 2015 Sapien fail...
Source: mondovisione.com