Amir Khan v The Financial Conduct Authority: FS/2013/002

Upper Tribunal Tax & Chancery decision of Judge Herrington and Member Gemmell and Member Hanson on 8 April 2014.

Read the full decision in Amir Khan v Financial Services Authority: FS/2013/002.

FINANCIAL SERVICES-financial penalty for submitting fraudulent mortgage applications-whether conduct of applicant dishonest or recklessfound to be dishonest-whether imposition of financial penalty appropriateyes- scale of appropriate penalty-whether appropriate in the circumstances to take account of applicant’s means-yes-Authority directed to impose penalty of £80,000-reference dismissed.

Published 1 December 2016