Called to account

Insight / Trustees disqualified for sending wrong message over £17m business rates

Two trustees of a charity set up to broadcast public service messages have been disqualified by the Charity Commission for misconduct, which resulted in the charity owing £17m in business rates

Audit / KPMG slammed with £700k fine over audit failures at listed company

Big Four audit giant KPMG and a current partner have been severely sanctioned by the Financial Reporting Council (FRC) over significant audit failures which occurred in the conduct of a major company audit in 2016

Insight / Charity’s misconduct over cash couriering sees trustee banned

A Charity Commission investigation has found the former trustees of the charity ANO responsible for misconduct and ‘reckless’ in accounting for its cash, and one former trustee has been disqualified

Insight / Bankrupt banned over £4m pop-up investment

A director who gifted close to £4m worth of investments in pop-up hotel company, while he was an undischarged bankrupt, has been banned for 11 years

Insight / Record £11.6m fine for Betway over AML failings

Online gambling business Betway has been slapped with a record £11.6m fine by the sector’s regulator for a series of social responsibility and anti-money laundering (AML) failings relating to seven of its high spending customers over a four-year period, reports Pat Sweet

Insight / Director fined over non-delivery of pensions information

A company director being investigated by The Pensions Regulator (TPR) has been fined £10,000 and ordered to pay £2,800 costs for failing to hand over information and documents, while claiming he was busy qualifying for a sailing competition

Insight / Called to account: March 2020

In this month’s scandals, convictions and penalties, printing company bosses jailed for defrauding employees out of pay, tax fraud using credit card ruse and accounts manager locked up after second fraud detected

Insight / Disqualified bosses jailed over £5m tax bill

Two marketing company bosses, who had already been disqualified twice, and their financial director have been jailed after failing to pay HMRC over £5m in tax owed

Insight / Bankrupt jailed over shadow director role

A bankrupt from Altrincham who continued to run an interior design company despite being banned has been jailed for six months after an Insolvency Service investigation found he was acting as a shadow director

Insight / Investment directors’ 11-year ban over missing £11m

Two directors of a property investment scheme, which left over 200 investors owed more than £11m, have been banned for a total of 22 years following an Insolvency Service investigation

Insight / Wells Fargo fined $3bn over fake bank accounts

US regulators have slapped a $3bn (£2.3bn) fine on Wells Fargo bank over a long running scandal which saw its employees create millions of fake accounts in order to hit ambitious sales targets

Insight / Restaurateur served with ban over £570k tax fraud

An Aberdeen restaurateur has been banned for 11 years after the discovery of almost £800,000 of payments that were not declared to HMRC

Insight / Security firm boss banned over £400k tax bill

The boss of a Leeds-based security firm has been banned from being a director after failing to file or pay more than £400,000 due in taxes

Insight / Regulator scrutinises charity’s property transaction

The Charity Commission has opened a statutory inquiry into a South London based charity, Everlasting Arms Ministries, over serious concerns about its financial management

Insight / FCA fines car finance lender £2.77m over arrears failings

The Financial Conduct Authority (FCA) has slapped a £2.77m fine on Moneybarn Ltd, for poor treatment of thousands of customers when their car loans fell into arrears
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