Financial Services Financial Services

UK regulator's WealthTek criminal probe can be prioritized by freezing civil case, court rules

By Martin Coyle
  • 01 Mar 2024 16:31
  • 01 Mar 2024 16:54
A criminal probe into collapsed wealth manager WealthTek and its owner can take precedence over a civil case, a London judge said today, giving the UK's financial regulator a year to move the investigation forward.
WealthTek, a firm regulated by the Financial Conduct Authority, ceased operations in April 2023 after

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Martin Coyle

Senior Correspondent

Martin Coyle is a senior correspondent, based in MLex's London office, reporting daily on bribery and corruption issues in the UK and Europe. Previously he was a senior editor at Thomson Reuters where he covered anti-money laundering, financial crime and regulatory enforcement issues. Prior to that he was editor of The Accountant, the world's oldest accounting publication, and International Accounting Bulletin, a bi-monthly business journal owned by Lafferty.

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