Enforcement Watch Roundup
In this edition, we cover the FCA's £12.9 million fine against John Wood Group for financial misstatement, the conclusion of the eight-year Carillion saga with a fine against its former CEO, two landmark PRA firsts – the Bank of London case marking the PRA's first action for breach of Fundamental Rule 1, and the UK Insurance case as the inaugural use of the PRA's Early Account Scheme – the FCA's prohibition of Kasim Garipoglu following a decade-long AML investigation, and the Supreme Court's important clarification on principal firm liability in Kession Capital.