FCA continues clampdown on unregistered crypto ATMs in Exeter, Nottingham and Sheffield
The regulator says it will review the evidence gathered and consider taking further action where necessary.
The regulator says it will review the evidence gathered and consider taking further action where necessary.
The FCA says its proposals would make listing rules “more effective, easier to understand and more competitive”.
The NECC estimates “hundreds of millions” of pounds are laundered annually using cash deposits at the Post Office.
The Digital Sandbox provides a “safe and secure” environment for companies to build and test their products.
Therese Chambers and Steve Smart will work as joint executive directors of enforcement and market oversight.
It says many firms present “an unacceptable risk of harm” to their customers.
CryptoUK says banks limiting transactions to crypto platforms is “anti-competitive and disproportionate”.
The bank has been granted an Authorised with Restrictions (AwR) licence by the UK’s PRA and FCA.
Buy now, pay later – is there a more apt fintech application for our times than BNPL?
Payoneer secured the EMI via its subsidiary Payoneer Payment Services UK.
The UK government is looking to bring BNPL into the regulatory sphere “in a proportionate way”.
The FCA will review evidence gathered during the visits and consider further potential enforcement action.
The Innovation Advisory Group (IAG) will meet for the first time in February, the FCA says.
The government will strengthen rules for crypto trading platforms and crypto lending in line with traditional finance.
Al Rayan did not dispute the FCA’s findings and agreed to settle.
FinTech Futures takes a look back at some of the year’s top regulatory stories of 2022.
The regulator says it found “serious and persistent” gaps in the bank’s AML controls.
The regulator is “concerned about problem behaviours” linked to trading app design.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The regulator says Big Tech firms have the potential to change market outcomes quickly.
Revolut, an authorised EMI since 2018, was added to the Financial Services Register on 26 September.
The increase in shared banking hubs comes as retail banks continue to pull out of the country’s high streets.
The FCA is “proactively monitoring the market to ensure expectations are met”.
The move comes as part of the regulator’s work in response to the increasing cost of living.
The appointments sit alongside the nearly 500 new staff hired this year.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The FCA review found some UK challenger banks have “weaknesses” with regards to financial crime controls.
Here’s our pick of five of the top news stories from the world of finance and tech this week.
The FCA says none of the cryptoasset firms registered with the regulator have been approved to offer crypto ATM services.
The scrutiny of large financial services giants formed part of the FCA’s broader strategy.
The FCA says HSBC’s transaction monitoring systems showed “serious weaknesses” between 2010 and 2018.
The fine includes a 33% discount thanks to the bank’s early guilty plea.
Milton Keynes-based data firm wins regulator contract running until April 2024.
InvestSmart aims to address new investors driven by competition and influenced by hype.
Trade union Unite says its numbers have swelled following “growing disenchantment” from FCA staff.
The FCA is investigating Monzo over potential breaches of money laundering laws.
UK regulator to provide greater help to those willing to come forward.
The complaints commissioner criticises the timing and lack of promotion.
Last year, the sandbox recieved a record 99 applications.
The sandbox will be for both start-ups and “large financial institutions”.