Tag: Financial Conduct Authority (FCA)
FCA fines Santander UK £107M over ‘serious and persistent’ AML failures
Santander UK has been hit with a £107M fine from the Financial Conduct Authority (FCA) after the bank was found to have “serious and...
UK Treasury finalising crypto regulation plans
The UK Treasury is moving closer to defined crypto legislation as the country is finalising “sweeping rules” to regulate the country’s crypto industry, according...
FCA sets out proposals to improve credit information sector
The Financial Conduct Authority (FCA) has laid out proposals to improve the UK credit information sector to deliver higher-quality information for consumers and merchants.
The...
Santander wants customers to “stay safe” with new crypto limits
Santander is set to introduce limits on cryptocurrency exchanges from 15 November after acknowledging the potential risks associated with the platforms.
A Santander notice outlined...
Atom bank commits to Standards of Lending Practice providing further protection...
Digital provider Atom bank has become the latest financial services firm to commit to the Standards of Lending Practice for business customers.
The Lending Standards...
FCA fines TJM £2M over financial crime system failures
The Financial Conduct Authority (FCA) has issued a £2,038,700 fine to TJM Partnership Limited for failing to ensure it had effective systems and controls...
FCA reports a 52% rise in cyber incidents last year
The UK’s Financial Conduct Authority (FCA) has reported that last year, cyber incidents have risen by 52%.
A total of 116 reports were received to...
BNPL firms redraft consumer contract terms after FCA pressure
BNPL firms Clearpay, Klarna, Laybuy, and Openpay have all redrafted the terms that they offer consumers, after significant pressure from the Financial Conduct Authority...
FCA confirms plans to alter regulatory framework in open banking
In a boost to the open banking sector, the Financial Conduct Authority has altered the regulatory framework surrounding open banking.
Specifically, the body announced plans...
FCA gives consumers ‘investment confidence’ in new strategy
The Financial Conduct Authority (FCA) has released its new strategy aimed to give consumers the confidence to invest, supported by an advice market in...
