What happened
The FCA and NCA arrested three individuals in London and Manchester for suspected insider dealing and money laundering, seizing electronic devices during searches. The FCA highlighted the threat of insider dealing to market integrity and recent convictions and fines for related offenses.
Named in this item
STATUS
NAME
ISO
PROGRAM
IDENTIFIER
Financial Conduct Authority
Organization, regulator GB — —
Organization, regulator GB — —
What compliance teams should check
- Review exposure to insider dealing risks
- Assess controls for market abuse detection
- Monitor FCA enforcement updates
- Reinforce staff training on insider trading
FOR COMPLIANCE TEAMS
Catch stories like these on your own customers.
complead screens your customers against adverse media, sanctions and PEP lists, and re-checks them every day. When a name you hold turns up in the news, it lands in your case queue with the evidence attached.
The FCA has conducted a major operation to disrupt a suspected organised criminal group for engaging in insider dealing and money laundering. On 13 October, 3 individuals were arrested following a joint operation by the FCA and the National Crime Agency (NCA). More than 100 FCA and NCA staff took part in searches at 5 residential premises in London and Manchester.More than 30 mobile phones, laptops and tablets were seized in searches conducted by FCA investigators.All 3 suspects are in the process of being interviewed by the FCA at police stations in London and Manchester.Steve Smart, executive director of enforcement and market oversight at the FCA, said:'Insider dealing is a serious threat to the integrity of our markets. Working with partners, we will continue to use all the powers at our disposal to crack down on serious and organised crime groups engaged in market abuse.'In 2025/26, the FCA secured 4 insider dealing convictions, with 2 resulting in record sentences totalling 11 years of imprisonment. Twelve people were fined a total of £1.77m for insider dealing, market manipulation and making misleading statements.Notes to editorsThe FCA cannot comment further at this time but will provide more details when appropriate.Fighting financial crime is a priority in the FCA’s 5-year strategy.If you have information concerning insider dealing you can contact the FCA by phone on 0800 111 6768 or by using the FCA’s reporting form. Information can be passed confidentially.The FCA enables a fair and thriving financial services market for the good of consumers and the economy. Find out more about the FCA.Financial Conduct Authority, 13 Oct 2026, 14:20 UTC, fca.org.uk