Basic Search  |  Summaries  |  Advanced SearchPenalty: £3,600
Year: 2023
Date: 30 November, 2023
Offence Group: competition-related offences
Offence Type: price-fixing or anti-competitive practices
Violation Description: Dollar East (International Travel & Money Transfer) Ltd; Hafiz Bros Travel & Money Transfer Limited; and LCC Trans-Sending Limited (including its parent company, Small World Financial Services Group Limited), trading as Small World, were fined a combined total of over £150,000 for breaching competition law, in a finding by the FCA that the firms coordinated on certain exchange rates offered to customers in Glasgow for converting UK pounds into Pakistan Rupees, when transferring money to Pakistan.
Settlement Type: settlement of FCA Decision
Agency: Financial Conduct Authority
Source of Data: (click here)