Tag: Therese Chambers

In an enforcement action, the UK Financial Conduct Authority (FCA) and the Metropolitan Police Service have apprehended two individuals, aged 38 and 44, suspected of operating an illegal cryptoasset exchange. This operation is part of a broader effort to clamp down on unregulated crypto activities in the UK. Allegedly, over £1 billion worth of unregistered cryptoassets has been traded through this illicit business.

The UK Financial Conduct Authority (FCA) has appointed Therese Chambers and Steve Smart as joint Executive Directors of Enforcement and Market Oversight. The appointments reflect the regulator's commitment to fighting financial crime. Steve Smart joins from the National Crime Agency, where he sits on the Executive Committee as Director of Intelligence. Therese Chambers has worked at the FCA for over 20 years. She was the Director of Retail and Regulatory Investigations.