Metro automated the monitoring of customer transactions for potential financial crime, however, the system did not work as intended

Over 400 co-signatories of an open letter to the Chancellor have called for "smarter regulation that better protects and serves consumers and small businesses".

Mackey accepts that, due to his actions, Inspire owes insurers over £660,000.

The pair defrauded at least 65 investors out of £1,541,799. 

Examples include dishonest sales practices, the hiding of important information from consumers or investors, or dishonest practices in financial markets.  

Emma-Jayne most recently served as head of supervision at Mortgage Advice Bureau. 

Jonathan Barrett, CEO of Comentis, says identification is still by far the weakest link in the vulnerability puzzle.  

Existing chair, Tim Parkes, is standing down later this year.

The pair have received total fines of almost £86,000.

The regulator has fined Kristo Käärmann £350,000 for failing to notify it of significant tax issues.