The UK Financial Conduct Authority (FCA) today imposed fines on three money transfer firms after they admitted to fixing prices charged to consumers in Glasgow.
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, have been fined a combined total of over £150,000 for breaching competition law.
The FCA has imposed the following fines:
- Dollar East has been fined £3,600.
- Hafiz Bros has been fined £11,200.
- Small World has been fined £139,500.
All three firms have admitted to the FCA that they broke competition law and have received settlement discounts…
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