FCA bans trio behind £35.5m scheme designed to bypass visa rules

Lynx-Zusammenfassung

The Financial Conduct Authority has decided to bar three former senior Dolfin Financial (UK) Limited figures—Denisz Nagy, Sanjay Maraj and Roman Joukovski—from financial services over a scheme to circumvent UK investor visa requirements, imposing fines of £324,800 on Nagy and £122,000 on Maraj. The FCA found that the scheme operated during 2016–2019, with most clients paying £400,000 rather than investing the required £2m themselves, creating a false appearance of compliance, enabling at least 99 people to obtain investor visas and generating fees totalling at least £35.5m for Dolfin.