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Bankers take note: the FCA is sending a message on WhatsApp deletions

The case of Konstantin Vishnyak, a former VTB banker, shows the UK regulator is ready to use a firm hand where it suspects the destruction of evidence

Think before deleting: could the regulators come for your messages?
Think before deleting: could the regulators come for your messages? Photo: Getty Images

On October 4, Konstantin Vishnyak, a former employee of VTB Capital in London, was the first individual to appear in court for allegedly obstructing an FCA investigation by deleting relevant WhatsApp messages.

It is alleged that Vishnyak, who was at the time under investigation by the FCA for suspected insider dealing offences, deleted the WhatsApp application on his phone after it became clear he was required to provide it to investigators.

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