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Two brothers have appeared at Westminster Magistrates' Court charged with six counts each of fraud and theft in a private prosecution brought by an investor. (AP)

Gambling Co. Brothers Fight Private Prosecution Over Fraud

Two brothers behind a failed gambling company appeared in a London court Friday to face fraud charges brought by an investor who claims they siphoned off the company’s assets and sold them to Gibraltar-based online betting firm Mansion Group.

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FCA Probes Qatari Bank Over AML Worries

The Financial Conduct Authority is investigating whether a Qatari-owned British bank complied with anti-money laundering rules amid reports the lenders' clients may have ties to extremist organizations, the company said Friday.

Claims Managers Told To Improve Adverts Or Risk Licenses

The Financial Conduct Authority threatened on Friday to take legal action against claims management companies after it found “widespread poor practice” in the use of advertising in the sector.

Antitrust Regulator Faults RBS, Santander PPI Handling

Britain’s competition watchdog ordered Royal Bank of Scotland and Santander on Friday to audit the way they deal with payment protection insurance after the lenders failed to tell thousands of customers about their policies for handling those affected by misselling of the controversial cover.

Deutsche Bank Pays SEC $16M Over Russia, China Hiring

Deutsche Bank will pay the U.S. Securities and Exchange Commission $16 million to settle claims it offered "numerous" jobs to relatives of Chinese and Russian officials from whom the bank sought business, the agency said on Thursday.

FCA Swamped With PPI Claims In Final Days Before Deadline

The Financial Conduct Authority said Thursday it has seen a surge of inquiries about payment protection insurance claims in the weeks leading up to the looming deadline for complaints.

5 Questions About Britain’s Minibond Regulatory Scandal

The collapse of minibond provider London Capital & Finance PLC, which left thousands of investors facing huge losses, has put Britain’s financial watchdog in the spotlight over its worst failure as a regulator in recent years.

Wealth Fund Sued For £52M Over Missing Loan Repayments

A Seychelles-based company has sued a wealth manager for $52 million for allegedly failing to repay five loans intended to help fund a redevelopment project in Russia.

EU Intervention Gives Banks More Time To Clear Bad Loans

Banks in the eurozone will get more time to cover losses from soured loans after the European Central Bank eased rules Thursday following intervention from the European Parliament.

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