Deloitte challenge PwC in £25m claim over Guernsey ‘Ponzi’ scheme  PwC in bid to dismiss £25m claim over a Guernsey ‘Ponzi’ scheme Big Four auditor up against the administrators (Deloitte) in Providence collapse PWC AND THE REGULATED FUND (PONZI SCHEME) The closed-ended GFSC AUTHORISED AND REGULATED absolute return fund aimed to provide investors with annual returns […]

Financial Conduct Authority wants to impose huge penalty on Stewart Ford, founder of collapsed investment firm Keydata. Ford is appealing. The Financial Conduct Authority has launched a legal battle to fine the founder of Keydata, an investment firm the City watchdog’s predecessor shut down and declared insolvent in 2009. Around 30,000 people lost money in […]

PricewaterhouseCoopers LLP was fined $25 million after sanitizing a report to regulators on sanctions and money-laundering controls for Bank of Tokyo-Mitsubishi UFJ Ltd., New York’s top bank regulator said today. The bank persuaded PwC Regulatory Advisory Services to change a compliance report related to financial transactions with sanctioned countries including Iran and Sudan through March […]