RegActions records a disclosed FCA monetary penalty of £15,000,000 dated 16 Aug 2024 for PricewaterhouseCoopers LLP.
Case facts
| Firm or individual | PricewaterhouseCoopers LLP |
|---|---|
| Regulator | Financial Conduct Authority (FCA) |
| Date | 16 Aug 2024 |
| Penalty | £15,000,000 |
| RegActions breach classification | Financial promotions |
| Public case ID | 22e6dd44-8dc7-4d40-850e-93d1a0f31d01 |
Case summary
PwC fined £15 million for failing to alert the FCA to suspected fraudulent activity at London Capital & Finance plc Last updated: 05/12/2025 See all updates The FCA has fined PricewaterhouseCoopers LLP (PwC) for failing to report to the regulator their belief that London Capital & Finance plc (LCF) might be involved in fraudulent activity. This is the first time the FCA has fined an audit firm.
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Scope
This page describes one source-linked monetary record. RegActions excludes non-monetary outcomes and amounts awaiting review from FCA fine totals. The FCA publication remains the authoritative source.