authors
The FCA’S First Foray Into Account Forfeiture Orders
Briefing
12 May 2022
2 MIN READ
3 AUTHORS
On 21 April 2022, the Financial Conduct Authority (‘FCA’) secured its first account forfeiture order for a sum of £2,000,000 against QPay Europe Limited (‘QPay’).
Available to law enforcement since 2018 these forfeiture powers have been the subject of some controversy. In this article we provide an overview of account freezing and forfeiture orders, how they work and what to do if you are affected by one.
Download Briefing
Download a PDF version of ‘The FCA’S First Foray Into Account Forfeiture Orders’
Related Insights
Briefing
Mark it essential – failure to meet minimum expenditure requirements INSUFFICENT for right to terminate
Briefing
No gold for second place: priority provisions apply to conversion of special gold prospecting licence
Briefing
Recent Developments of Note
Briefing
It’s all in the numbers: UNSUCCESSFUL challenge to coal mine extension approvals on environmental grounds
RELATED INSIGHTS
Briefing
Mark it essential – failure to meet minimum expenditure requirements INSUFFICENT for right to terminate
The Western Australia Court of Appeal has found that a tenement manager's failure to meet contractual expenditure requirements did not constitute …
Read more
Briefing
No gold for second place: priority provisions apply to conversion of special gold prospecting licence
In Anthony Gerald Pilkington v Kurnalpi Gold Pty Ltd [2024] WAMW 27, an exploration licence holder's "first in time" application for a mining lease ..
Read more
Briefing
Recent Developments of Note
Discover recent developments of note within our Australian Mining Bulletin September edition
Read more