FCA censures CACEIS UK over WealthTek: a financial crime controls reckoning for UK custodians
Last updated: June 2026 A custodian opened accounts for another FCA-authorised firm, checked the Financial Services Register on multiple occasions, saw each time that the firm lacked the permission it needed to hold those assets, and carried on anyway. Over two and a half years more than GBP 314 million flowed through those accounts while…