scottrobert.co.uk
FCA bans director who illegally transferred salary and bonuses to his wife
The Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA) have imposed a ban and fine on the CEO of a small Scottish mutual insurance society. The regulators found that he acted improperly by transferring excessive amounts of his own remuneration to his wife, with the aim of reducing the tax liability. The CEO had