UK FCA Confirms September 2027 Trial for £64 Million WealthTek Fraud and Money Laundering Case

by Theresa Joy Lacatan | Feb 27, 2025 | Blog News, Crypto News

On 25 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that the criminal trial of John Dance, the former principal partner of WealthTek LLP, has been scheduled for September 2027 at Southwark Crown Court. The case concerns allegations...

UK FCA and PSR Assess Impact and Competition Concerns in Digital Wallet Market in United Kingdom and Published Feedback Statement

by Theresa Joy Lacatan | Feb 26, 2025 | Blog News, Crypto News

On 19 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) and the United Kingdom Payment Systems Regulator (UK PSR) published a joint Feedback Statement FS25/1: Big tech and digital wallets assessing the impact and growth of digital wallets, in...

UK FCA Fines Mako £1.66 Million for Failings in Cum-Ex Trading Controls

by Theresa Joy Lacatan | Feb 20, 2025 | Blog News, Crypto News

On 18 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) issued a Final Notice: Mako Financial Markets Partnership LLP, imposing a fine of £1,662,700 for failing to ensure it had effective systems and controls to guard against financial crime. The...

UK FCA Intensifies Crackdown on Misleading Financial Adverts with Crypto Asset, Debt Solutions, and Claims Management Company

by Theresa Joy Lacatan | Feb 10, 2025 | Blog News, Crypto News

On 07 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) published its report detailing its regulatory actions in 2024. The report states that nearly 20,000 financial promotions were withdrawn or amended, marking a 97.5% increase from 2023. The UK...

UK FCA Fines Arian Financial LLP £288,962.53 for Failures Linked to Cum-Ex Trading

by Theresa Joy Lacatan | Jan 13, 2025 | Blog News, Crypto News

On 10 January 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that it had fined Arian Financial LLP £288,962.53 for failings in its systems and controls against financial crime. The UK FCA found that Arian’s shortcomings exposed the firm...