FCA’s PS25/12 introduces new safeguarding rules for UK payment and e-money firms, boosting consumer protection and compliance oversight. The UK financial services landscape is undergoing a transformative shift with the
FCA lifts retail ban on crypto ETNs from October 2025, setting strict compliance rules to balance investor choice with robust protections. The growing mainstream acceptance of cryptoassets has increased demand
FCA fines firm £1.1m for systemic MiFIR reporting failures—nearly 925k inaccurate reports over five years. Robust controls are essential.
EBA flags high ML/TF risks in FinTech, RegTech & crypto. Weak CDD, AI-driven fraud & poor governance demand urgent AML/CTF action.
OFSI warns of rising crypto sanctions risks—incl. DPRK-linked hacks & under-reporting. Firms must strengthen AML/KYC & sanctions controls.
FCA data shows 49% of complaints are about cards & payments, 56% upheld. Slow resolutions erode trust—banks must act to rebuild confidence.
