Andrew Currie Faces FCA Prohibition Order Following Criminal Conviction

The UK Financial Conduct Authority (FCA) has imposed a prohibition order on Andrew Currie, permanently preventing him from carrying out any function related to regulated activities performed by authorised persons, exempt persons, or exempt professional firms. The order came into effect on June 15, 2026.

The regulator’s decision follows Currie’s criminal conviction and director disqualification, concluding that he is not a fit and proper person to participate in regulated financial services due to a serious lack of honesty and integrity.

Currie was convicted at Southwark Crown Court on May 22, 2023, of fraud by abuse of position and converting criminal property. He had his sentence on July 14, 2023, to a total of two years and six months in prison. On the same date, he was also disqualified from acting as a company director for ten years under the Company Directors Disqualification Act 1986, with the ban remaining in force until July 14, 2033.

Andrew Currie Faces FCA Prohibition Order Following Criminal Conviction

The offences stemmed from Currie’s role as a director of Collateral (UK) Limited, a company that did not possess FCA permission to conduct regulated activities. According to the regulator, the interim permissions register entry of another company, Regal Pawnbroker Limited, was by Currie’s brother, Peter Currie, to falsely indicate that Collateral held the required interim permission.

The FCA stated that after identifying the register alteration in October 2017, Andrew Currie became the driving force behind the removal of funds from Collateral shortly before the company entered administration. The movement of funds was through the detriment of investors.

In its final decision, the FCA said Currie’s criminal conduct and subsequent disqualification demonstrated a clear and serious lack of integrity, making him unsuitable to perform regulated functions within the financial sector.

The regulator added that it considered all relevant circumstances before issuing the prohibition order, including the seriousness and relevance of the offences and the potential risk Currie poses to consumers and confidence in the UK financial system. The FCA said the action supports its statutory objectives of protecting consumers and preserving market integrity.

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