FCA bans wealth manager trio behind £35.5m investor visa scam Investing The financial watchdog has banned and fined a trio of former wealth managers after discovering they operated a scheme designed to help clients slip past UK investor visa rules. The Financial Conduct Authority (FCA) found that three Dolfin Financial executives had run a scheme designed to create the false impression that visa requirements to enter [...]
Watchdog takes aim at lawyers blaming juniors for AI blunders Legal The legal watchdog has called out lawyers responsible for supervising junior staff when false AI-generated citations are put forward to the courts, as senior lawyers “remain accountable” for juniors. The Solicitors Regulation Authority, the legal regulator for over 200,000 English and Welsh solicitors, said in a warning notice issued on Monday that those in charge [...]
Ofgem data centre crackdown risks ‘driving AI investors away’ from UK Tech Ofgem’s plans to crack down on speculative data centre projects have prompted warnings that new grid connection fees could make Britain a less attractive destination for AI investment, even as the industry backs efforts to clear stalled schemes from the queue. The regulator has launched a consultation on proposals to free up electricity grid capacity [...]
Tiktok ‘confident’ ahead of Ofcom child safety probe July 16, 2026 Tiktok has insisted it is “confident” it complies with the UK’s Online Safety Act (OSA) after Ofcom launched an investigation into whether the platform is doing enough to stop children accessing harmful content. The watchdog is looking into whether Tiktok’s age verifictions meet the legal requirement to be “highly effective” at identifying child users after [...]
UK’s biggest pub firm probed over treatment of tenants July 15, 2026 The UK’s biggest pub landlord is being probed by the industry watchdog over concerns that it is mistreating its tenants. Stonegate, whose 4,500 UK sites include the Cannick Taps on Cannon Street and the Cheshire Cheese on Tower Hill, is facing an investigation from the Pubs Code Adjudicator (PCA). The watchdog said it had “reasonable [...]
4chan ridicules Ofcom again as watchdog chases unpaid £520k fine July 2, 2026 4chan has again mocked Ofcom after the regulator renewed demands for the controversial image generator to pay its £520,000 Online Safety Act fine, prompting its lawyer to respond with another AI-generated hamster. Preston Byrne, the US lawyer representing 4chan, posted on X on Thursday: “Ofcom wrote. Again. Demanding that 4chan pay its fine. Sent us [...]
Motor finance revs up City watchdog’s PR spend June 22, 2026 The motor finance scandal has helped rev up the financial watchdog’s spend on public relations agencies as it fought to warn consumers of the risks of using claims management firms. The car mis-selling saga – where City banks have been put on the hook for billions in compensation over the use of ‘secret’ car deals [...]
Revolut faced orders to fix ‘deficiencies’ in product launches in Europe June 10, 2026 Revolut faced a regulatory slap-down from the European Central Bank last year as restrictions were placed on its operations in the continent. Europe’s most valuable fintech company had its permission to release new products across the 27 countries covered in the European Economic Area temporarily suspended last summer. The bank was instructed to rectify “deficiencies” [...]
Andrew Bailey steers push for Anthropic to meet global watchdog over Mythos May 18, 2026 The global financial watchdog is set to discuss the capabilities of the Mythos tool with Anthropic following a push from Bank of England governor Andrew Bailey. The Financial Stability Board, which brings together finance bigwigs from across the G20 nations, will be briefed on the vulnerabilities in the global financial system identified by Mythos. It [...]
Ministers to be handed ‘statutory powers’ to steer regulator’s growth agenda May 13, 2026 Ministers will be handed new “statutory powers” to steer UK watchdog’s growth agenda and define what it means in different “regulatory contexts“. In the King’s Speech, the government revealed its Regulating for Growth Bill – a cross-sector piece of legislation designed to beef up the UK’s regulatory system’s fostering of growth. The government’s report takes [...]