The UK's Financial Conduct Authority has charged a stockbroker with one offence of money laundering, contrary to s327 Proceeds of Crime Act.

Richard Jonathan Faithfull, 30, was the director of the now-dissolved Faithfull Investments Ltd. He assumed the post on 20 January 2014 and the company's correspondence address was in Sittingbourne in Kent.

He is due to appear at Westminster Magistrates Court on 26 January. The offence relates to activity between 1 June 2017 and 1 August 2018. The FCA will not make any further comment pending Mr Faithfull’s first appearance in court.