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Mr. Olumide Osunkoya has admitted to five charges at Westminster Magistrates’ Court, marking the UK’s first conviction involving the operation of unregistered crypto ATMs. Mr. Osunkoya faces sentencing after being…
The FCA is taking action to strengthen customer protection when payment and e-money firms go out of business. With the growing use of payment and e-money firms, the Financial Conduct…
New FCA regulations designed to protect access to cash have come into effect, already making a positive difference in local communities. Since the Financial Conduct Authority (FCA) introduced these new…
The Financial Conduct Authority (FCA) has charged 45-year-old London resident, Olumide Osunkoya, for operating multiple unregistered crypto ATMs. These machines allow users to exchange cash for cryptoassets without proper FCA…
Mr. Adrian Douglas, Mr. Liam Martin, and Mr. Frank Oxberry have all referred their Decision Notices to the Upper Tribunal. These notices reflect the FCA’s view of their conduct and…
The FCA plans to initiate a market study on how pure protection insurance products are sold, amid concerns that competition in the market is not functioning effectively. The study is…
Insurers and brokers have improved governance and oversight of how products are designed, managed, reviewed, and distributed, but many still cannot show how they are providing fair value to customers…
The FCA has banned Martin Sarl from working in the financial services industry and fined him £5,021 for acting without honesty and integrity. Between 7 November 2017 and 24 October…