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U.K. FCA Freezes Assets in Connection with Unauthorized Funds

U.K. FCA Freezes Assets in Connection with Unauthorized Funds

Franz Wild

(Bloomberg) --

The U.K. Financial Conduct Authority secured an asset freeze in connection with three firms and several individuals in connection with them knowingly accepting money from the public without authorization.

The FCA started civil proceedings against the group, including Bright Managment Solution Ltd., and secured a court order to freeze 1.3 million pounds ($1.7 million), the regulator said Friday in a statement.

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