The Financial Conduct Authority (FCA) conducted a major operation on October 13, 2026, resulting in the arrest of three individuals for engaging in insider dealing and money laundering. This operation involved searches at five residential properties in London and Manchester.
The FCA relied on its enforcement powers to disrupt the organized criminal group. Steve Smart, the FCA's executive director of enforcement and market oversight, emphasized the seriousness of insider dealing and the FCA's commitment to maintaining market integrity.
The operation applies to all regulated entities, as they are urged to review their internal controls and training programs related to insider dealing and money laundering. Compliance teams should remain vigilant regarding these issues.
No specific deadline or transitional period was stated in the material. The FCA will provide more details about the operation when appropriate.