Nationwide Fined £44m by FCA Over Financial Crime Controls as Tasmania Coast Power Outages Hit Thousands (Dec. 14, 2025)
London / Tasmania — Sunday, December 14, 2025 — Two very different events are dominating headlines today: in the UK, Nationwide Building Society is facing a £44 million Financial Conduct Authority (FCA) penalty tied to historic anti-financial-crime control weaknesses; in Tasmania, wild winds and severe weather have contributed to widespread hazards and major power disruptions along the coast, affecting thousands of homes. ABC+3FCA+3The Advocate+3 Both stories, while worlds apart, hinge on the same underlying question: how well do critical systems hold up under pressure—whether that pressure is fraud risk, or extreme weather? Nationwide’s £44m FCA fine: what happened and why