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

FCA Warns Public on Consumer Investments Fraud

FCA Warns Public on Consumer Investments Fraud
FCA Warns Public on Consumer Investments Fraud
March 03, 2022  |  Fraud Prevention

The Financial Conduct Authority (FCA) on Thursday (March 3) announced it will take “assertive action to tackle harm in the consumer investments market” and is...

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Barclays Faces $1M Penalty Over Payments Firm Collapse
Barclays Faces $1M Penalty Over Payments Firm Collapse
February 28, 2022  |  Cross-border Payments

Barclays Bank Plc has been fined 783,800 pounds ($1 million) by the United Kingdom’s financial regulatory body for its failure to oversee Premier FX, the...

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FCA Warns Bitpanda Over Trustology Deal
FCA Warns Bitpanda Over Trustology Deal
February 22, 2022  |  Partnerships

The U.K.’s financial watchdog said it has its eyes on crypto platform Bitpanda’s plan to purchase the British company Trustology and can quash the deal...

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BoE and FCA Favor a Light Touch Approach to AI Regulation
BoE and FCA Favor a Light Touch Approach to AI Regulation
February 21, 2022  |  News

The Bank of England and the Financial Conduct Authority released their final report on the Artificial Intelligence Public-Private Forum, where regulators discussed the benefits and...

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New UK Rules May Require Additional Authentication Measures From Consumers
New UK Rules May Require Additional Authentication Measures From Consumers
February 14, 2022  |  Authentication

After more than a year delay, stricter know your customer (KYC) eCommerce rules are set to take effect in the United Kingdom March 14. Get...

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UK’s FCA Pushes BNPL Firms to Update Contract Terms
UK’s FCA Pushes BNPL Firms to Update Contract Terms
February 14, 2022  |  BNPL

As the popularity of buy now, pay later (BNPL) rises, the United Kingdom’s financial regulator is asking these services to amend terms that could hurt...

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Interim Chairs Tapped for FCA, PSR as Randell Plans Early Departure
Interim Chairs Tapped for FCA, PSR as Randell Plans Early Departure
February 04, 2022  |  Personnel

Richard Lloyd, senior independent director of the Financial Conduct Authority (FCA), will serve as the FCA’s interim chair, and Aidene Walsh will be the interim...

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UK’s FCA Issued $775M in Fines in 2021
UK’s FCA Issued $775M in Fines in 2021
January 17, 2022  |  Cross-border Payments

A rise in financial crime fueled by the pandemic led the U.K.’s Financial Conduct Authority (FCA) to issue 568 million British pounds (about $775 million)...

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