The UK watchdog becomes AML and CTF supervisor of UK cryptoasset activities LeapRate

January 13, 2020 BY Valentina Kirilova

The UK watchdog becomes AML and CTF supervisor of UK cryptoasset activities

The UK regulator FCA has informed earlier that any UK business conducting specific cryptoasset activities falls within scope of the regulations and will need to comply with the regulator's requirements. Cryptoasset businesses are required to identify and assess the risks of money laundering and terrorist financing which their business is subject to. The companies also…

September 07, 2015 BY Maria Nikolova

UK's FCA launches new Financial Services Register

The new service makes it easier to find information on UK firms (including investment exchanges), individuals and other bodies regulated by the Financial Conduct Authority and/or the Prudential Regulation Authority.

July 15, 2015 BY Andrew Saks-McLeod

FCA fined firms and individuals over £1bn for market integrity breaches in 2014

"The public expects fair and orderly markets and level playing fields; they expect those operating in the markets and employed by regulated firms to act with integrity and in the consumers’ best interests. This means, it is the obligation and burden of those firms and employees to maintain market confidence" - Simon Appleton, Director of Regulatory Consulting, Kinetic Partners

April 10, 2015 BY Maria Nikolova

FSCS reassures clients of Alpari (UK) that work on claims processing goes on

The Financial Services Compensation Scheme (FSCS), the body responsible for tackling compensation claims of clients of insolvent UK financial companies, has earlier today published a small update to former clients of Alpari (UK) Limited. The main goal of the update is to reassure clients of the ill-fated retail Forex broker that the FSCS continues to…

March 25, 2015 BY Maria Nikolova

UK watchdog detects misuse of LCG name by binary options broker

LeapRate's loyal readers must already be somewhat accustomed to the Financial Conduct Authority (FCA) issuing warnings against clones of authorized online trading companies. Some of the cases the UK watchdog tackles, however, are quite stunning and today presented us with one of these. Representatives of Tradignition, a binary options broker soliciting UK clients, are falsely…

February 24, 2015 BY Maria Nikolova

Financial Conduct Authority warns about Ikon Finance clone

The Financial Conduct Authority (FCA) has been rather active lately in cautioning the public about clone firms. The latter usually abuse a trademark, emulate a name of a firm, its services and websites, in order to fraudulently benefit from the established reputation of a regulated entity. Earlier today, the UK watchdog published a warning about…

February 23, 2015 BY Andrew Saks-McLeod

FCA instigates ruling to strengthen individual accountability; some non-executive directors subject to regulatory oversight

Non-Executive Directors with specific responsibilities, such as Chairman, will come under the new Senior Managers Regime (SMR), the Financial Conduct Authority (FCA) and Prudential Regulation Authority (PRA) confirmed today

August 28, 2014 BY Andrew Saks-McLeod

CFTC OKs deposit of customer funds with UK Depositories

Consumer protection is a matter at the forefront of priorities for US regulatory authorities to the point of ensuring other jurisdictions meet stringent criteria when handling client deposits.

Tag: uk regulation