Regulator triples fines as a deterrent

Blackmore, Nicole
July 2009
Money Marketing;7/9/2009, p2
The article reports on the increase of financial penalty for small financial services companies in Great Britain in 2009. The Financial Services Authority (FSA) ruled to increase the penalty as an initiative to achieve credible deterrence among companies in making breaches. Moreover, FSA added that high penalties will discourage companies from making any fraudulent activities that could possibly threaten their whole financial capability.


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