Elect James Sherwin-Smith to represent Nationwide building society members
The Financial Conduct Authority (FCA) has fined Nationwide Building Society £44,078,500 after identifying serious weaknesses in the society’s anti-money laundering (AML) systems and controls (see also reports from Guardian, BBC). The regulator’s Final Notice published on 11 December 2025 states that between October 2016 and July 2021 Nationwide’s financial crime controls were not sufficiently effective, […]
Following the announcement to my professional network on LinkedIn regarding next week’s oral hearing, which linked to the text provided by the FCA, one commentator asked me this: “Why do you need access to the full list (lots of personal data), rather than having Nationwide post out your election comms to the members directly?“ Question […]
The FCA have agreed I can share the following information: An oral hearing will convene on the 26 February 2025 at 11am at 12 Endeavour Square, London, E20 1JN. The hearing will be in-person only and will last approximately 90mins. This hearing is to determine an application to obtain a copy of the register of […]