Nationwide Fined £44m by FCA Over Financial Crime Controls as Tasmania Coast Power Outages Hit Thousands (Dec. 14, 2025)
Nationwide Building Society was fined £44 million by the UK’s Financial Conduct Authority for failures in anti-financial-crime controls between 2016 and 2021, including missing signs of Covid furlough fraud. In Tasmania, wild winds and severe weather caused major power outages along the coast, leaving thousands of homes without electricity.