Century Capital Partners, the collapsed mortgage lender to London's wealthy, provided loans through subsidiaries that lacked required anti-money laundering registrations with UK regulators. Administrators discovered that CenCap and Century Prime operated without proper FCA supervision. The £100mn loan book firm collapsed in February after lender Blue Owl raised concerns about financial reporting irregularities.

Century specialized in short-term bridging loans for wealthy individuals, often those who couldn't secure financing from mainstream banks. The firm provided mortgages to Anisuzzaman Chowdhury, brother of Bangladesh's former land minister, despite loans to family members of politically exposed persons carrying higher regulatory risk. Century's management had been aware of the compliance issues before collapsing.

Blue Owl, which became concerned about Century's reporting, has seen its stock decline 40% this year, making it a focal point for private credit sector concerns. Century's collapse came weeks before Market Financial Solutions' insolvency, which sparked fraud allegations and scrutiny of private credit firms. The regulatory failures raise questions about oversight in the specialized lending sector.