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

Wirecard Reopens UK Banking As Regulators Remove Restrictions

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...

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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...

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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...

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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...

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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...

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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...

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UK Banks Hold Internal Investigations Into Business Loan Practices
UK Banks Hold Internal Investigations Into Business Loan Practices
May 18, 2020  |  B2B Payments

After a financial watchdog raised the issue, banks in Britain are looking into whether they pressed businesses into giving them more work in exchange for...

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Travelex Parent Finablr On Verge Of Collapse
Travelex Parent Finablr On Verge Of Collapse
March 16, 2020  |  Cybersecurity

Payments company Finablr has said that it could be in danger of collapsing, and the Financial Conduct Authority (FCA) has frozen its trading, according to...

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