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

European Banks Pay for Anti-Money Laundering Failures
European Banks Pay for Anti-Money Laundering Failures
December 15, 2022  |  AML

A string of fines is shining a light on anti-money laundering failures at European banks. First, the U.K.’s Financial Conduct Authority (FCA) slapped Gatehouse Bank...

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New SCA Rules to Reduce Friction in Open Banking Payments
New SCA Rules to Reduce Friction in Open Banking Payments
December 14, 2022  |  Bank Regulation

Changes to strong customer authentication (SCA) rules in Europe are aiming to reduce customer friction. In the EU, the European Banking Authority (EBA) has updated...

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Santander Hit With $132M Fine for AML Failures
Santander Hit With $132M Fine for AML Failures
December 09, 2022  |  AML

The FCA has fined Santander over 107.7 million pounds ($132.2 million) for AML failures. In announcing the penalty, the Financial Conduct Authority (FCA) said Santander...

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Advertising in the Spotlight as UK Crypto Regulation Takes Shape
Advertising in the Spotlight as UK Crypto Regulation Takes Shape
December 08, 2022  |  Cryptocurrency

After months of debate, the U.K.’s crypto regulatory framework is taking shape. On Wednesday (Dec. 7), the U.K.’s House of Commons debated the Financial Services...

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UK Regulator Preps Clamp Down on Crypto and BNPL Marketing
UK Regulator Preps Clamp Down on Crypto and BNPL Marketing
December 06, 2022  |  Regulation

The FCA has proposed new measures to clamp down on unfair or misleading financial marketing. The proposals, outlined in a consultation paper published on Tuesday...

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UK Police See $1.5B Crypto Fraud ‘Epidemic’
UK Police See $1.5B Crypto Fraud ‘Epidemic’
November 28, 2022  |  Cryptocurrency

Cryptocurrency fraud rose by 32% in the U.K. over the last year, part of a larger fraud “epidemic” that began during the pandemic as people...

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FCA Calls for Credit Rating Reform
FCA Calls for Credit Rating Reform
November 22, 2022  |  emea

The U.K.’s Financial Conduct Authority (FCA) is calling for a reformation of the way credit rating agencies (CRA) in the country operate and are governed....

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UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
UK Borrowers Due Millions as Lenders Fail to Meet FCA Expectations
November 09, 2022  |  Loans

When the COVID-19 pandemic struck in 2020, the U.K.’s Financial Conduct Authority (FCA) asked the country’s lenders to offer payment deferrals as a means of...

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Crypto Weekly: EMEA Regulators Build up Legal Framework
Crypto Weekly: EMEA Regulators Build up Legal Framework
November 03, 2022  |  Cryptocurrency

In Europe, the Middle East and Africa (EMEA) in the past week, lawmakers have moved to better equip regulators with the tools needed to oversee...

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