The UK Financial Conduct Authority (FCA) has prohibited Daniel Leon Williams from performing any function in relation to any regulated activity carried on by an authorised person, exempt person or exempt professional firm.

The prohibition order took effect today, March 30, 2026.

Between 3 September 2004 and 26 July 2021, Mr Williams was an approved person and subsequently a certified person at a firm authorised by the Authority.

On 6 February 2024, Mr Williams, at Manchester City Magistrates’ Court, pleaded guilty to seven counts of fraud by abuse of position, contrary to Sections 1 and 4 of the Fraud Act 2006. The offences took place between 2019 and 2021, whilst Mr Williams was a person approved or certified by the Authority.

On 27 November 2024, Mr Williams was sentenced to 2 years and 2 months of imprisonment for each of these offences, to be served concurrently.

The Authority found that Mr Williams is not a fit and proper person to perform any function in relation to any regulated activity carried on by an authorised person, exempt person or exempt professional firm.

The FCA stated that Mr Williams’ conviction demonstrates a clear and serious lack of honesty and integrity such that he is not fit and proper to perform regulated activities.

In concluding that it is appropriate to impose the prohibition order, the Authority has had regard to all relevant circumstances, including the relevance and materiality of the offence, and the severity of the risk posed by Mr Williams to consumers and to confidence in the UK financial system.

The Authority considers that it is appropriate to take this action to advance its consumer protection and integrity objectives.