Close This website uses modern features that are not supported by your browser. Click here for more information.
Please upgrade to a modern browser to view this website properly.

Financial Services Intelligence Watch

Open-Source Library

Newsletters

Advanced Search

Search

Title

Filter

Topic

Filter

Diary

Filter

Industry categories

Filter

A A A

FCA urges unauthorised land banking scheme victims to get in touch to return funds

Publish date: 01 March 2019
Issue Number: 60
Diary: CompliNEWS
Category: General

The UK's Financial Conduct Authority (FCA) is urging members of the public who invested in unauthorised collective investment schemes, and who may be eligible to receive some of their money back, to get in contact with the FCA.

Between 2005 and 2010, approximately 870 members of the public invested approximately £32.8m in unauthorised collective investment schemes established and operated by Countrywide Land Holdings Limited, James Kenneth Maynard (trading as Regional Land and Countrywide Land Holdings Limited) and Stephen Ronald Watkins (trading as Consolidated Land UK Limited). These schemes involved the unlawful selling of plots of land.

FCA media release

FSA secures £32 million High Court judgment against three land banks (2012)

Working Smart

Insider fraud hit 83% of organisations in 2024, according to Sumsub’s latest What the Fraud? podcast, with 20% of affected firms spending up to $2 million on recovery. But financial loss is just the tip of the iceberg – reputational damage, regulatory exposure, and internal morale are at risk too.