Most whistleblowing reports, 150, were submitted via the online reporting form, and 42 via email.
The FCA took action in over 40% of whistleblowing cases closed in the quarter.
The Financial Conduct Authority (FCA) has published new data
on whistleblowing reports received and closed between January and March 2025. During
this period, the FCA received 281 new whistleblowing reports. This marks a
slight decrease from 292 in the previous quarter and 298 during the same period
in 2024.
The 281 reports contained a total of 752 separate
allegations. The most frequently reported allegation was related to compliance,
which appeared in 184 cases.
FCA Handles 281 Reports, Protects Identities
Reports were submitted through several channels. The
majority, 150, were received via the online reporting form. Other methods
included email, with 42 reports, telephone with 41 reports, post with 10
reports, and 27 reports received through other means.
Source: FCA
Of the 281 reports received, 181 included contact details
for the whistleblower. The remaining 100 reports were submitted anonymously.
The FCA emphasised that protecting the identity of whistleblowers is essential
and that having contact details can help in follow-up and confidentiality
management.
The 281 reports contained a total of 752 separate
allegations. The most frequently reported allegation was related to compliance,
which appeared in 184 cases.
In the same quarter, the FCA closed 468 whistleblowing
reports. Of these, 12 resulted in significant action to manage harm. This may
have involved enforcement activity, commissioning a section 166 skilled person
review, or restricting a firm’s permissions or an individual’s approval.
Source: FCA
In 192
cases, action was taken to reduce harm. These actions included writing to
firms, conducting visits, requesting information, or asking for attestations of
compliance with FCA rules.
In 213 cases, the reports helped inform the FCA’s work but
did not lead to direct action. Another 37 reports were not considered to
indicate harm but were recorded for possible future use. Fourteen reports were
classified under other categories.
The Financial Conduct Authority (FCA) has published new data
on whistleblowing reports received and closed between January and March 2025. During
this period, the FCA received 281 new whistleblowing reports. This marks a
slight decrease from 292 in the previous quarter and 298 during the same period
in 2024.
The 281 reports contained a total of 752 separate
allegations. The most frequently reported allegation was related to compliance,
which appeared in 184 cases.
FCA Handles 281 Reports, Protects Identities
Reports were submitted through several channels. The
majority, 150, were received via the online reporting form. Other methods
included email, with 42 reports, telephone with 41 reports, post with 10
reports, and 27 reports received through other means.
Source: FCA
Of the 281 reports received, 181 included contact details
for the whistleblower. The remaining 100 reports were submitted anonymously.
The FCA emphasised that protecting the identity of whistleblowers is essential
and that having contact details can help in follow-up and confidentiality
management.
The 281 reports contained a total of 752 separate
allegations. The most frequently reported allegation was related to compliance,
which appeared in 184 cases.
In the same quarter, the FCA closed 468 whistleblowing
reports. Of these, 12 resulted in significant action to manage harm. This may
have involved enforcement activity, commissioning a section 166 skilled person
review, or restricting a firm’s permissions or an individual’s approval.
Source: FCA
In 192
cases, action was taken to reduce harm. These actions included writing to
firms, conducting visits, requesting information, or asking for attestations of
compliance with FCA rules.
In 213 cases, the reports helped inform the FCA’s work but
did not lead to direct action. Another 37 reports were not considered to
indicate harm but were recorded for possible future use. Fourteen reports were
classified under other categories.
Prop Firms and Brokers Form a Perfect Synergy: One Offers Access, the Other Capital
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
