Tag: financial conduct authority
Government calls FCA review of contactless limit a “welcome step”
The UK government has praised the Financial Conduct Authority’s (FCA) invite for feedback on removing the £100 contactless limit.In January, the financial watchdog trialled...
Kraken to unlock UK crypto demand with newly obtained EMI licence
Described as a "foundational step”, cryptocurrency company Kraken has obtained an Electronic Money Institution (EMI) licence from the UK’s Financial Conduct Authority (FCA).This new...
Bitpanda eyes “next level” amid UK expansion
Bitpanda has strengthened its European presence by securing approval from the UK’s Financial Conduct Authority (FCA), filling what it called “the last missing piece.”Following...
UK merchants gain global reach with dLocal’s new licence
The UK's Financial Conduct Authority (FCA) has granted Uruguayan payment platform dLocal the Authorised Payment Institution licence.This license allows dLocal to provide a full...
Metro Bank fined £16.6m for ‘gap’ in defence against criminals
The Financial Conduct Authority (FCA) has fined Metro Bank £16.6m for failing to properly monitor over 60 million transactions for money laundering risks.This fine originates...
Alison Potter leads FCA’s and PSR’s decisions committees
Alison Potter has been appointed Chair of the Decisions Committees for the Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR).In her role,...
Crypto ATM operator pleads guilty to multiple offences
A London resident accused of operating a nationwide network of crypto ATMs has admitted to five charges during a hearing at Westminster Magistrates’ Court.Olumide...
Labour opens new hubs to combat ‘banking deserts’ across UK
In response to recent retail banking closures, high street banks have committed to opening 350 new banking hubs across the UK over the next...
FCA urges fairer treatment of politicians by financial firms
The Financial Conduct Authority (FCA) has called for changes to how financial firms treat parliamentarians, senior public servants, and their families, urging greater fairness...
Volopa & ClearBank ink ‘significant’ deal amid licence application
Volopa, the transaction, payments and expenses company, has partnered with ClearBank, allowing the former to significantly expand its offerings.Through the partnership, ClearBank will support...
