Compliance Monitor
Firm censured after owner died leaving unregistered clients and £millions debt
By Neasa MacErlean
The FCA has publicly censured a money remittance business whose chief executive and sole shareholder died in 2018, leaving
insufficient funds to pay clients and other creditors — along with a set of incomplete books in which “several” clients had
not been registered and where the sums attributable to others had not been recorded.