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The UK Financial Conduct Authority (FCA) has banned Jeffrey Dawkins, the former chief executive of Vector Wealth Limited, from working in regulated financial services and fined him £269,233 after finding that he concealed the company’s actual ownership and allowed a disqualified director to use its regulatory status to promote high-risk investments. The enforcement action, announced on 21 October 2026, also resulted in a £20,000 financial penalty and a prohibition on senior m

In the aftermath of Iranian missile and drone strikes targeting Dubai last week, concerns among investors have intensified, prompting some wealthy residents to move funds out of the emirate as geopolitical tensions escalate. Two Indian entrepreneurs living in Dubai attempted to transfer more than $100,000 each from their local bank accounts to Singapore shortly after the attacks, seeking to reduce their exposure to potential instability. Their efforts initially ran into d

Detectives in Nairobi have apprehended a second individual in connection with a multi-million shilling gold fraud scheme that allegedly swindled an American citizen out of USD 217,900. The suspect, Mohammed Noor Muhyadhin Mohammed, was arrested by officers from the Operation Support Unit on allegations of money laundering linked to a fraudulent gold transaction that had promised the delivery of 495 kilograms of gold but ultimately produced nothing. Authorities say the elabora