Financial Conduct Authority (FCA)

746 results about this entity

Period: 02 Sep 2004 - 19 Dec 2024

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FCA cracks down on fraudulent promotions

/regulation

FCA cracks down on fraudulent promotions

New data published by the Financial Conduct Authority (FCA) reveals that the regulator blocked over 8,000 misleading advertisements and promotions during 2022.

FCA warns firms on tech resources needed for new Consumer Duty rules

/regulation

FCA warns firms on tech resources needed for new Consumer Duty rules

The UK's Financial Conduct authority has fired a shot across the bows of firms preparing for new Consumer Duty rules, warning that some are falling behind in their preparation and are failing to address a shortfall in their technology resources.

/regulation

FCA accuses three money transfer firms of price fixing

In a statement of objections issued today, the Financial Conduct Authority (FCA) alleges that Dollar East (International Travel & Money Transfer) Ltd, Hafiz Bros Travel & Money Transfer Limited, and LCC Trans-Sending Limited (including its parent company Small World Financial Services Group Limited) trading as Small World, fixed prices charged to customers in Glasgow for transferring money from the UK to Pakistan.

/regulation

FCA penalises Al Rayan Bank for anti-money laundering failures

The FCA has fined Al Rayan Bank PLC (Al Rayan) £4,023,600 for failing to put in place adequate anti-money laundering (AML) controls.

/regulation

FCA fines GT Bank £7.8 million for serious AML compliance failings

The Financial Conduct Authority (FCA) has fined Guaranty Trust Bank (UK) Limited (GT Bank) £7,671,800 for serious weaknesses in its anti-money laundering (AML) systems and controls between October 2014 and July 2019.

TSB fined £48.6 million over operational resilience failures

/regulation

TSB fined £48.6 million over operational resilience failures

UK regulators have levied a £48.6 million fine on the TSB for a bungled IT migration programme in 2018 that locked customers out of their accounts for weeks and led to months of ongoing technical problems.

UK updates on new Open Banking entity

/retail

UK updates on new Open Banking entity

UK authorities have published an update on plans for a successor to the Open Banking Implementation Entity (OBIE).

/regulation

FCA fines BGC/GFI £4.8 million for market abuse failings

The FCA has fined BGC Brokers LP, GFI Brokers Limited and GFI Securities Limited (together, BGC/GFI) £4,775,200 for failing to ensure they had appropriate systems and controls in place to effectively detect market abuse.

/regulation

FCA to clamp down on misleading financial promotions

The FCA has proposed new measures to clamp down on illegal, unfair or misleading financial marketing.

/wealth

FCA to create 'simplified' financial advice regime

As part of its consumer investment strategy, the FCA has set out new proposals to improve people’s access to financial advice so they can invest with confidence.

FCA issues warning about trading app gamification

/regulation

FCA issues warning about trading app gamification

The UK's Financial Conduct Authority (FCA) has warned stock trading app operators to review design features, including those with game-like elements, which risk prompting consumers to take actions against their own interest.

/crime

FCA issues final notice to former Sonali Bank CEO for AML failings

The Financial Conduct Authority (FCA) has publicly censured Mohammad Ataur Rahman Prodhan, the former Chief Executive Officer of Sonali Bank (UK) Limited (SBUK) for anti-money laundering (AML) failings.

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