Firm enforcement history

PricewaterhouseCoopers LLP

FRN 222043Register status · No longer registered as an Appointed Representative1 enforcement actionFines imposed · £15m

View on FCA register

01 · Enforcement history

Actions recorded on Firmwatcher.

16 Aug 2024 · £15m

Fine

The FCA fined PricewaterhouseCoopers LLP £15,000,000 on 16 August 2024 for failing to act appropriately on information in its audit work relating to suspected fraudulent activity at London Capital & Finance plc. The breach was of Regulation 2 of the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001, which requires auditors to notify the regulator when they have reasonable grounds to suspect relevant wrongdoing. The FCA imposed a financial penalty in its Final Notice; the notice itself records the regulatory breach and penalty.

Summarised from notice and press

Date	Action	Summary	Source document
16 Aug 2024	Fine £15m	The FCA fined PricewaterhouseCoopers LLP £15,000,000 on 16 August 2024 for failing to act appropriately on information in its audit work relating to suspected fraudulent activity at London Capital & Finance plc. The breach was of Regulation 2 of the Financial Services and Markets Act 2000 (Communications by Auditors) Regulations 2001, which requires auditors to notify the regulator when they have reasonable grounds to suspect relevant wrongdoing. The FCA imposed a financial penalty in its Final Notice; the notice itself records the regulatory breach and penalty. Summarised from notice and press	Open the published notice or announcement

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