Financial Conduct Authority

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 Digital Banking Apps Affected By Wirecard Subsidiary Freeze
UK Digital Banking Apps Affected By Wirecard Subsidiary Freeze
June 29, 2020  |  Security & Fraud

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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Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
Today In Payments: Wirecard Forces German Accounting Regs Reboot; Consumers Sour On Travel Rewards Cards
June 29, 2020  |  News

In today’s top news, Germany’s deputy finance minister wants to restructure accounting firm regulations, and consumers are turning away from travel rewards cards. Plus, 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  |  Security & Fraud

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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Bitcoin Daily: New Zealand Seizes $90M In Bitcoin Fraud Case; BlackBerry, Intel Team Against Cryptomining Malware
Bitcoin Daily: New Zealand Seizes $90M In Bitcoin Fraud Case; BlackBerry, Intel Team Against Cryptomining...
June 22, 2020  |  Bitcoin

New Zealand police have frozen $90 million they say belongs to alleged bitcoin scammer Alexander Vinnik in what’s being called the country’s largest money seizure...

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UK Financial Regulator Proposes Extended Grace Period Amid COVID-19
UK Financial Regulator Proposes Extended Grace Period Amid COVID-19
June 19, 2020  |  Economy

A top British financial services regulator Friday proposed new regulations that could help borrowers bracing for the end of consumer protections implemented as COVID-19 bore...

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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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Coronavirus Could Lead To 24.7M Unemployed; Argent Gives King’s Cross Tenants Three Months Of Waived Rent
Coronavirus Could Lead To 24.7M Unemployed; Argent Gives King’s Cross Tenants Three Months Of Waived...
March 19, 2020  |  Coronavirus

The coronavirus could lead to tens of millions of unemployed workers and could change how businesses operate. Here are the latest updates on the coronavirus...

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