FCA

The Financial Conduct Authority is a financial regulatory body in the United Kingdom, but operates independently of the UK Government, and is financed by charging fees to members of the financial services industry.

Source: fca.org.uk

UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle

UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
UK Tightens Rules On Payments Firms In Wake Of Wirecard Debacle
July 09, 2020  |  Legal & Regulation

The United Kingdom’s financial regulator has toughened rules on payment companies less than two weeks after Wirecard AG’s collapse locked millions of customers out of...

READ MORE >
Bitcoin Daily: Travala Users Can Use Crypto Again To Pay For Expedia Bookings; S. African Ex-Crypto Agency Chief Allegedly Scammed Investors Of $13.4M
Bitcoin Daily: Travala Users Can Use Crypto Again To Pay For Expedia Bookings; S. African...
July 06, 2020  |  Bitcoin

Travala.com, the Binance-backed online trading agency, will be allowing travel bookings through Expedia paid for in cryptocurrency for the first time since 2018, according to...

READ MORE >
Wirecard Reopens UK Banking As Regulators Remove Restrictions
Wirecard Reopens UK Banking As Regulators Remove Restrictions
June 30, 2020  |  Cybersecurity

Wirecard AG got the green light Tuesday (June 30) to resume its banking operations in the United Kingdom (UK), as financial regulators lifted restrictions that...

READ MORE >
UK Financial Authority On The COVID-19 Pandemic’s Impact On Open Banking
UK Financial Authority On The COVID-19 Pandemic’s Impact On Open Banking
June 30, 2020  |  Bank Regulation

The pandemic has accelerated consumer preferences for contactless payments, leaving merchants scrambling to process higher volumes while remaining compliant with rules for strong customer authentication...

READ MORE >
UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
June 29, 2020  |  Cybersecurity

After the U.K.’s Financial Conduct Authority (FCA) mandated that Wirecard’s British Wirecard Card Solutions unit stop conducting regulated work, a number of consumers in the...

READ MORE >
UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 
UK Financial Watchdog Says Wirecard Cooperative But Assets To Stay Frozen 
June 29, 2020  |  Cybersecurity

The United Kingdom’s regulatory authority said Wirecard AG was correcting issues raised by the $2.1 billion accounting scandal, but restrictions on the collapsed German payments...

READ MORE >
A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements
A Merchant’s How-To For Managing The Contactless Payments Surge And SCA Requirements
June 29, 2020  |  Bank Regulation

The pandemic has drastically affected how consumers are shopping and paying for even routine purchases, and this in turn has altered how businesses are accepting...

READ MORE >
FCA Fines Commerzbank London $47.5 Million For AML Failings
FCA Fines Commerzbank London $47.5 Million For AML Failings
June 17, 2020  |  Bank Regulation

Germany’s Commerzbank London has agreed to pay a fine of £37,805,400 — about $47.45 million — “for failing to put adequate anti-money laundering (AML) systems...

READ MORE >