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Barclays fined GBP 40 mln by FCA over 2008 Qatari deal disclosure failures

News | Payments General | 25 Nov 2024

The Financial Conduct Authority has imposed a GBP 40 million fine on Barclays for failing to disclose specific arrangements with Qatari entities during its 2008 capital-raising efforts.

regulation, funding, banks, financial services, financial institutions

UK regulators set new rules to enhance resilience of service providers

News | Digital Identity, Security & Online Fraud | 13 Nov 2024

UK financial regulators have established new rules aimed at enhancing the resilience of technology and third-party providers supporting financial firms.

regulation, compliance, financial services, financial institutions

FCA launches AI Lab to support industry collaboration on AI challenges

News | Digital Identity, Security & Online Fraud | 18 Oct 2024

The Financial Conduct Authority (FCA) has established an AI Lab to help financial firms address challenges related to the implementation of artificial intelligence solutions.

artificial intelligence, product launch, financial institutions, regulatory sandbox

FCA fines Starling Bank due to financial crime failings

News | Online & Mobile Banking | 02 Oct 2024

The Financial Conduct Authority has imposed a GBP 29 million fine on Starling Bank as the latter did not meet financial crime systems and controls requirements. 

fraud prevention, fraud detection, online fraud, financial crime, AML

FCA works towards better protecting consumers when payment companies shut down

News | Digital Identity, Security & Online Fraud | 30 Sep 2024

The Financial Conduct Authority (FCA) has been consulting on proposals to scale consumer protection when payments and e-money companies cease their operations. 

regulation, payments , online security, fraud prevention, e-money

FCA charges individual for operating unregistered crypto ATMs

News | Online & Mobile Banking | 12 Sep 2024

The Financial Conduct Authority (FCA) has charged a 45-year-old London resident, with operating multiple cryptocurrency ATMs without the necessary FCA registration.

cryptocurrency, ATM, regulation, digital assets

UKA's FCA advises Odin to halt customer onboarding

News | Digital Identity, Security & Online Fraud | 28 Aug 2024

The Financial Conduct Authority (FCA) has advised Odin, a micro-investing platform, to halt onboarding additional customers, as well as stop new and partially funded live deals. 

regulation, investment, compliance, fraud management, online security

FCA launches review to simplify rules and support growth

News | Digital Identity, Security & Online Fraud | 31 Jul 2024

The Financial Conduct Authority (FCA) has initiated a review aimed at streamlining regulations for financial services firms.

regulation, compliance, financial services, fintech

FCA introduces new framework for UK wholesale markets

News | Payments General | 29 Jul 2024

The Financial Conduct Authority (FCA) has outlined a new set of rules and proposals aimed at modernising the UK wholesale markets.

regulation, compliance, payments , research

Coinbase fined GBP 3.5 million by FCA for serving high-risk clients

News | Cryptocurrencies | 26 Jul 2024

Cryptocurrency exchange Coinbase has been fined GBP 3.5 million by the UK's Financial Conduct Authority for providing payment services to high-risk clients.

cryptocurrency exchange, cryptocurrency, money laundering, fraud prevention

FCA to protect access to cash for consumers and SMEs

News | Payments General | 24 Jul 2024

The UK regulatory body, the Financial Conduct Authority (FCA), has confirmed a plan to further protect the right to access cash for consumers and small businesses.

 

cash management, cash, regulation, regulatory sandbox, banking, mobile banking, online banking, ATM, financial services, SMEs, payment methods

FCA directs firms to optimise treatment of PEPs

News | Digital Identity, Security & Online Fraud | 19 Jul 2024

The Financial Conduct Authority (FCA) has directed financial firms, including banks, payment firms, and lenders, to optimise treatment of politically exposed persons (PEPs). 

regulation, customer experience, financial institutions, lending, online security

Volt obtains EMI licence in the UK

News | Online & Mobile Banking | 29 Feb 2024

Real-time payments platform Volt has obtained an Electronic Money Institution (EMI) licence from the Financial Conduct Authority in the UK.

EMI licence, real-time payments, Open Banking, compliance

Lloyds to face AML controls investigation

News | Digital Identity, Security & Online Fraud | 23 Feb 2024

The Financial Conduct Authority (FCA) of the UK has initiated an investigation into Lloyds Banking Group’s Anti-Money Laundering (AML) controls. 

AML, money laundering, regulation, banking, financial institutions

Payhawk secures EMI licence in the UK

News | Online & Mobile Banking | 17 Jan 2024

Global spend management solution Payhawk has obtained an Electronic Money Institution (EMI) licence in the UK granted by the Financial Conduct Authority

EMI licence, remittance, banking, online banking, mobile banking, digital banking, financial services, financial institutions

FCA proposes rules to maintain access to cash

News | Payments General | 07 Dec 2023

The Financial Conduct Authority (FCA) has recommended additional rules to maintain access to cash for personal and business customers across the UK. 

regulation, SMEs, cash, digital payments, banks

UK regulators propose oversight for financial third parties

News | Online & Mobile Banking | 07 Dec 2023

The Bank of England, Prudential Regulation Authority and Financial Conduct Authority have proposed measures to oversee third-party services.

partnership, regulation, compliance, financial services

Crypto.com obtains an Electronic Money Institution licence in the UK

News | Cryptocurrencies | 04 Dec 2023

Singapore-based cryptocurrency exchange Crypto.com has obtained an Electronic Money Institution licence from the UK’s Financial Conduct Authority.

cryptocurrency exchange, cryptocurrency, EMI licence, regulation

Worldline granted Payment Institution Authorisation by the FCA in the UK

News | Payments General | 28 Nov 2023

Payment services provider Worldline has announced it was granted Payment Institution Authorisation by the Financial Conduct Authority (FCA) in the UK.

payments , licence, paytech, fintech, merchants, ecommerce, payment institution, Acquirer, compliance, digital payments

FCA adds Metro Bank to its financial crime watchlist

News | Digital Identity, Security & Online Fraud | 13 Nov 2023

The Financial Conduct Authority has announced the inclusion of the US-based Metro Bank to its financial crime watchlist, with plans to keep it under supervision.

regulation, compliance, fraud management, fraud detection, fraud prevention, financial crime