HELP!Job centre railcard fraud investigation

[Dai Corner]

Have you read the fitness and propietry section of the FCA Handbook?

FCA Handbook - FCA Handbook

I claim no special knowledge of the field but "honesty, integrity and reputation" are amongst the personal qualities required. You might want to think about what might happen if your fare evasion comes to light after you've started work for a firm and whether it would be better to disclose it at the first opportunity.

 

[furlong]

It might well fall within scope of the test:

FIT 2.1.3 (4) whether the person is or has been the subject of any proceedings of a disciplinary or criminal nature, or has been notified of any potential proceedings or of any investigation which might lead to those proceedings;

 

[Elecman]

Presumably it must be a fairly short term plan as WMT would want all the outstanding payments made before the 6month deadline for laying prosecution charges with the court expires

 

[Hadders]

Moderator Note - I have merged three separate threads that have been started by @skittlesonmars into one thread so that all discussion relating to this case in in one place.

 

[island]

It might well fall within scope of the test:

Correct. If someone is subject to FIT, then this scenario is something that falls within the requirement to disclose.

 

[John R]

Correct. If someone is subject to FIT, then this scenario is something that falls within the requirement to disclose.

Having had many years in management roles in the financial services industry I would agree with this.

 

[Tetchytyke]

Yes it’s an out of court settlement not a fine! I just was wondering if I would have to disclose it but I’m guessing not then!

My professional view is that you would have to disclose this.

In my line of work I would fully expect someone to disclose that they had made a voluntary settlement in lieu of criminal proceedings. If they declared it the regulator would want the full details so that they could assess their integrity. I can't speak for the UK FCA but, in my line of work, someone with the circumstances as you described would- providing they were fully transparent and providing evidence of payments being made was supplied- probably still pass a fitness and propriety test.

But if they didn't declare it and the regulator found out about it afterwards then the regulator would very likely be reconsidering their fitness and propriety.