Coinbase (COIN) Unit CBPL Fined $4.5M by UK’s FCA for Money Laundering Lapses, Serving High-Risk Customers
"Despite the restrictions in place, CBPL onboarded and/or provided e-money services to 13,416 high-risk customers," the FCA said in a…
Next Government Must Act Fast to Retain Global Lead
Prior to the election announcement, the industry had grown accustomed to a government that, as of late, generally understood and…
FCA warns banks on branch closures as access to cash to be ‘protected in law’
The banking sector is being warned it faces penalties if it does not secure free access to cash for the…
UK ‘Travel Rule’ Guidance Set Out by FCA as Stricter Rules Halt PayPal Crypto Business
Controversial new measures known as the travel rule, requiring crypto operators to identify the sender and recipient of funds transfers,…
PayPal suspends Crypto sales in Light of UK FCA new…
From October 1st onwards, PayPal will temporarily halt its cryptocurrency sales in the United Kingdom. This decision can be attributed…
FCA begins probe into banks and ‘politically exposed persons’ rules
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