FCA cracks down on £1.2m Coutts private bank fraudster

Francis Buckman, alongside others, attempted to steal more than £2.3m

Isabel Baxter
clock • 2 min read

The Financial Conduct Authority (FCA) has published a final decision notice on Coutts private bank fraudster Francis Buckman, prohibiting him from performing regulated activities.

In the decision notice published on 19 September by the regulator, it has prohibited Buckman from performing any function in relation to any regulated activity carried out by any authorised person, exempt person or exempt professional firm. This comes after he was involved in a criminal conspiracy to commit fraud by false representation between January and October 2017 linked to Coutts private bank, as reported by the Echo. The FCA noted that between November and December 2019, Buckman held the apportionment and oversight function and then the senior manager function between December ...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Regulation

FCA's data reporting cuts: 'A start but fairly low hanging fruit'

FCA's data reporting cuts: 'A start but fairly low hanging fruit'

Impact is yet to be determined but a positive step, commentators say

Isabel Baxter
clock 28 April 2025 • 4 min read
FCA proposes to cut down on data reporting for firms

FCA proposes to cut down on data reporting for firms

Part of regulator’s programme to ‘reduce burden’

Isabel Baxter
clock 16 April 2025 • 2 min read
FCA pumps £3.7m into advice/guidance boundary review work

FCA pumps £3.7m into advice/guidance boundary review work

Come as the regulator proposes to increase fees by 2.5%

Isabel Baxter
clock 08 April 2025 • 3 min read