What Penalties can the FSA Impose on Businesses?
Posted: Mon Jul 12, 2010 9:19 pm
The FSA has the power to:
* Issue Fines
* Subject Businesses to Financial Penalties
* Issue Warning, Supervisory and Decision Notices
* Withdraw Financial Permissions and Authorisations
In cases of fraud, money laundering or other serious business crimes, the FSA may choose to prosecute through the UK courts, which could result in a custodial sentence or substantial fine for the individuals involved.
* Issue Fines
* Subject Businesses to Financial Penalties
* Issue Warning, Supervisory and Decision Notices
* Withdraw Financial Permissions and Authorisations
In cases of fraud, money laundering or other serious business crimes, the FSA may choose to prosecute through the UK courts, which could result in a custodial sentence or substantial fine for the individuals involved.