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)

Klarna Partners With Money Adviser Network to Offer Debt Advice
Klarna Partners With Money Adviser Network to Offer Debt Advice
July 19, 2023  |  Consumer Finance

Klarna has joined forces with the Money Adviser Network (MAN) to enable its customers in the United Kingdom to get fast, free debt advice. The buy now, pay...

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FCA Proposes Consumer Duty on Social Media Financial Product Ads
FCA Proposes Consumer Duty on Social Media Financial Product Ads
July 17, 2023  |  Regulation

The U.K.’s financial watchdog wants to crack down on illicit marketing of financial products on social media. That crackdown, the Financial Conduct Authority (FCA) announced...

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FCA Debuts ‘Significant Change’ to Crypto Marketing Rules
FCA Debuts ‘Significant Change’ to Crypto Marketing Rules
June 08, 2023  |  Cryptocurrency

Great Britain’s financial watchdog has unveiled what it calls “tough rules” for crypto marketing. The Financial Conduct Authority on Thursday (June 8) announced that companies...

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Australia Reclassifies BNPL as Credit While UK and US Regulators Eye Similar Actions
Australia Reclassifies BNPL as Credit While UK and US Regulators Eye Similar Actions
May 26, 2023  |  Buy Now Pay Later

From Australia, the land that invented buy now, pay later (BNPL) as we now know it, comes news this week that laws are changing to...

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UK Watchdog Warns Banks About Post Office Money Laundering
UK Watchdog Warns Banks About Post Office Money Laundering
April 24, 2023  |  Security & Fraud

The United Kingdom’s financial watchdog wants to stop money laundering through the Post Office, a retail company that provides products and services, including postage stamps...

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Crypto Companies Crunched by Cautious UK Banks
Crypto Companies Crunched by Cautious UK Banks
April 02, 2023  |  Cryptocurrency

U.K. Prime Minister Rishi Sunak’s cryptocurrency plans have reportedly hit some snags. As Bloomberg News reported Sunday (April 2), crypto companies were already dealing with...

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FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’
FCA Says Many Payments Firms’ Controls Aren’t ‘Sufficiently Robust’
March 17, 2023  |  Regulation

A United Kingdom regulator has cautioned payments firms that it expects their controls to be “sufficiently robust.” The Financial Conduct Authority (FCA) sent a letter...

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Railsbank Reportedly Seeking Sale Through an Insolvency Process
Railsbank Reportedly Seeking Sale Through an Insolvency Process
March 03, 2023  |  Legal

Railsbank Technology is reportedly close to being sold through an insolvency process. Directors are close to selling the United Kingdom-based FinTech company through a form...

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UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’
UK’s FCA: eMoney CEOs Must Make Consumer Duty Rules ‘Top Priority’
February 21, 2023  |  Regulation

A British regulator has told eMoney firms that they need to change some practices. Financial Conduct Authority (FCA) Director of Payment and Digital Assets Matthew...

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