FCA Archives | The Biz Update

K-Electric seeks power tariff hike of Rs 18.86 under FCA

Maryam Aziz8 months ago8 months ago02 mins

Islamabad, April 29, 2024 : K-Electric has submitted an application to the National Electric Power Regulatory Authority (NEPRA) seeking a substantial Rs18.86 per unit increase in the power tariff. This request is attributed to the monthly Fuel Charges Adjustments (FCA) spanning seven months. NEPRA is scheduled to conduct a hearing on the K-Electric application on…

Business

FCA fines Standard Chartered Bank £102.2 million

The Biz Update6 years ago09 mins

London, April 11, 2019: The Financial Conduct Authority (FCA) has fined Standard Chartered Bank (Standard Chartered) £102,163,200 for Anti-Money Laundering (AML) breaches in two higher risk areas of its business. This is the second largest financial penalty for AML controls failings ever imposed by the FCA. Today’s announcement follows FCA investigations into two areas of…