Tag: FCA

Lithuanian FinTech PAYSTRAX has launched in the UK having received its Payment Institution License from the Financial Conduct Authority (FCA). 

The UK's FCA has tapped OneMarketData, a market surveillance technology firm, for a significant market surveillance project.

A speech by Alicia Kedzierski emphasised the urgent need for the finance sector to engage with nature-related ESG financial risks.

Mangopay, a platform-specific payment infrastructure provider, has proudly announced its recent authorisation by the FCA as an EMI. This pivotal e-money license is a...

Key FinTech seed deal stats in Q3 2023: • UK FinTech seed deal activity reached 37 deals in Q3 2023, a 58% decline from the...

Cambridge-based FinTech firm, Monavate, is setting the pace for accelerated growth by unveiling its new Supply Chain Payments division.

The FCA has issued a fine of £11m to Equifax as a consequence of their involvement in a significant cyber-security breach.

In September 2023, the Financial Conduct Authority (FCA) provided fresh guidance about how to treat Politically Exposed Persons (PEPs). In response to this, businesses under regulation might find it beneficial to revisit their existing PEPs screening systems. This not only ensures alignment with the new directive but also makes certain that the screening process remains both effective and efficient.

Firms facing transaction reporting obligations often find themselves navigating multiple regulatory regimes such as MiFID II, EMIR, Dodd Frank, and ASIC. Despite awareness of their duties, many aren't doing enough to meet the stringent regulatory standards.

Swiss authorities recently took action against the daughter of Uzbekistan's former president, accusing her of crimes such as money laundering and bribery. This resulted in an asset freeze to the tune of $483m.