i-law

Compliance Monitor

Left musing on client money breaches for three years

A father and son, managing director and finance director, respectively, of general insurance intermediary FHI (Northern) Ltd [FHIN], mainly having commercial clients and which ceased trading on 1 May 2006, have been banned from holding significance influence functions for three years for “a serious lack of competence and capability” relating to the firm’s client money systems and controls.

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