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Interesting, while this looks like small fines to individual companies, Her Majesty's Revenue & Customs agency saw a 91% increase last year in the fines it collected last year. Seems like this is an effort to gather the #receipts from small companies.
thefintechtimes.com/money-launderi…
thefintechtimes.com/money-launderi…
This is a focus on regulatory compliance, allowing the authorities to detect #MoneyLaundering in financial transactions. 
Seems like this is a continuing trend as fines have risen from 200k Pounds in 2014/15 tax year to 2.3M Pounds in the 2017/18 tax year. #ButNothingsHappening
As the UK continues to gather the receipts, people who conducted fraud, money laundering & tax evasion get charged with several year old offenses. Like this case from 2015, identified in a report on the collapse of the company in 2016. Cost 1100 jobs...
dailymail.co.uk/news/article-7…
dailymail.co.uk/news/article-7…
Bilked a pension fund out of 500M Pounds too, yet it took almost 4 years for him to end up in court on criminal charges. The wheels of justice turn slowly, but when there are receipts, those wheels will continue to turn!
