The Financial Conduct Authority (FCA) secured prison sentences for Redinel Korfuzi and his sister Oerta Korfuzi after they were convicted at Southwark Crown Court of insider dealing and money laundering worth about GBP 1m. Redinel Korfuzi was sentenced to six years’ imprisonment and Oerta Korfuzi to five years. The FCA said Redinel Korfuzi exploited his position as a research analyst at Janus Henderson to access confidential information likely to affect share prices and shared it with his sister. The case centred on trading in 13 stocks between 17 December 2019 and 25 March 2021, with trades placed within minutes of receiving information relating to prospective equity raises or planned sales of large share blocks, generating profits of more than GBP 960,000; the FCA identified suspicious trading patterns through analysis of large trading datasets. Investigators also uncovered an international money laundering operation involving 173 deposits into accounts controlled or operated by the siblings from the UK to Albania, including nearly GBP 25,000 in cash found in a Knightsbridge safety deposit box; the source of the cash was not identified. The FCA has begun proceedings under the Proceeds of Crime Act 2002 to remove the benefit of the criminality.
Financial Conduct Authority 2025-12-05
Financial Conduct Authority prosecution results in six and five year prison sentences for insider dealing and money laundering
The Financial Conduct Authority (FCA) secured prison sentences for Redinel Korfuzi and Oerta Korfuzi for insider dealing and money laundering involving approximately GBP 1 million. Redinel, a former research analyst at Janus Henderson, exploited confidential information to trade 13 stocks, generating profits over GBP 960,000. The FCA uncovered an international money laundering operation and initiated proceedings under the Proceeds of Crime Act 2002 to recover illicit gains.