2024-10-02
We have fined Starling Bank £29m for failings in their financial crime systems and controls. #FinancialServices #FinancialRegulation https://www.fca.org.uk/...
Financial Times
The UK FCA fines Starling Bank £29M over its “shockingly lax” controls against financial crime, like potential money laundering and sanctions breaches
FCA said lender's efforts to identify potential money laundering ‘did not keep pace’ with its growth
2023-12-07
Our new proposals set out how #banks and building societies should assess and plug gaps in local cash provision to help manage the pace of change and ensure continued access to cash if needed. #FinancialServices #AccessToCash https://www.fca.org.uk/...
Financial Times
The UK FCA, the PRA, and the Bank of England issue a joint consultation paper setting out proposals to strengthen oversight of banks' cloud computing providers
Financial Times :
2023-10-10
We've issued nearly 150 alerts on the first day of our new #crypto promotions rules coming into force https://www.fca.org.uk/...
The Block
As the UK FCA widens its financial promotions rules for crypto, Coinbase, OKX, Binance, and others partner with UK companies to try to keep serving UK customers
penalties range from web/app takedowns to fines & prison https://www.bloomberg.com/... LinkedIn: Oliver Scherenberg : 🚨 The U.K. Financial Conduct Authority (FCA)'s new regulation ...
2023-10-09
We've issued nearly 150 alerts on the first day of our new #crypto promotions rules coming into force https://www.fca.org.uk/...
The Block
As the UK FCA widens its crypto marketing rules, Coinbase, OKX, Binance, and others partner with UK companies, expecting to continue serving UK customers
- Coinbase and OKX have partnered with crypto startup Archax to get financial promotions approved. — At the same time …
2023-06-09
Our guidance consultation applies to all qualifying #crypto financial promotions, with a focus on cryptoassets and related models that could cause significant #consumer harm. https://www.fca.org.uk/...
CoinDesk
The UK FCA plans to introduce tough crypto advertising rules, classifying crypto as “restricted mass market investments”, banning incentives to invest, and more
Camomile Shumba / CoinDesk :
Our new rules mean #crypto firms must ensure that people have the appropriate knowledge and experience to #invest. Firms that promote #cryptoassets will need to include clear risk warnings and ensure adverts are clear, fair and not misleading. https://www.fca.org.uk/...
CoinDesk
The UK FCA plans to introduce tough crypto advertising rules, classifying crypto as “restricted mass market investments”, banning incentives to invest, and more
Camomile Shumba / CoinDesk :
2023-06-08
Our guidance consultation applies to all qualifying #crypto financial promotions, with a focus on cryptoassets and related models that could cause significant #consumer harm. https://www.fca.org.uk/...
CoinDesk
The UK FCA plans to introduce tough crypto advertising rules, classifying crypto as “restricted mass market investments”, banning incentives to invest, and more
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
Our new rules mean #crypto firms must ensure that people have the appropriate knowledge and experience to #invest. Firms that promote #cryptoassets will need to include clear risk warnings and ensure adverts are clear, fair and not misleading. https://www.fca.org.uk/...
CoinDesk
The UK FCA plans to introduce tough crypto advertising rules, classifying crypto as “restricted mass market investments”, banning incentives to invest, and more
The Financial Conduct Authority said it will treat crypto like a high risk investment, and will consult on new guidance for its rules on promotions.
2022-03-12
We have warned operators of #crypto ATMs in the UK to shut their machines down or face enforcement action. https://www.fca.org.uk/...
The Block
UK's Financial Conduct Authority gives notice to crypto ATM operators to shut down their machines or face penalties since they are unlicensed
Osato Avan-Nomayo / The Block :