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Release Date: 6th May 2021

To access the original FCA document, click here.


Sapien Capital Limited has been fined £178,000 by the Financial Conduct Authority (FCA) for failing to have adequate systems and controls to prevent financial crime. The penalty would have been higher, but it was reduced due to Sapien’s financial hardship and cooperation with the investigation. The FCA’s decision highlights the importance of robust anti-money laundering (AML) systems and due diligence processes to protect the integrity of the financial system.

Key Takeaways for Other Firms:

In conclusion, Sapien Capital Limited’s fine underscores the critical need for financial firms to have robust systems and controls in place to prevent financial crime. By adhering to regulatory requirements and maintaining strong internal processes, firms can protect themselves and the integrity of the financial system from misuse.

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