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  1. PwC fined £15 million for failing to alert the FCA to suspected fraudulent activity at London Capital & Finance plc
Published date: 16 August 2024

PwC fined £15 million for failing to alert the FCA to suspected fraudulent activity at London Capital & Finance plc

The FCA has fined PricewaterhouseCoopers LLP (PwC) for failing to report to the regulator their belief that London Capital & Finance plc (LCF) might be involved in fraudulent activity. This is the first time the FCA has fined an audit firm.

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