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Olumide Osunkoya pleads guilty to illegally operating crypto ATM network
Mr Olumide Osunkoya pleaded guilty to 5 offences at today’s hearing at Westminster Magistrates’ Court. -
Proposed new rules to better protect customers of payments firms
The FCA is stepping in to better protect customers when payments and e-money firms go out of business. -
New FCA rules to protect access to cash already having an impact
New rules from the FCA to protect access to cash have come into force and are having a positive impact in local communities. -
FCA charges first individual with running a network of illegal crypto ATMs
The FCA has charged Mr Olumide Osunkoya for unlawfully running multiple crypto ATMs without FCA registration. -
Oversight of ARs improving but more to do, says FCA
We set out good practice and areas for improvement to help principal firms effectively monitor their Appointed Representatives. -
FCA publishes decisions against 3 individuals, and fines and bans a fourth, for reckless pension transfer advice
The FCA has decided to ban 2 financial advisers and 2 partners at St Martin’s Partners LLP (SMP) from working in financial services, and collectively fine them £590,544. -
FCA’s improved performance set to help UK finance sector thrive
The FCA has published its Annual Report, which shows significant improvements in its authorisations service. -
FCA sets out steps to improve access to bank accounts
In a new report, the FCA encourages account providers to do more to support those who want a bank account but don’t have one. -
FCA announces work into pure protection market
The FCA will launch a market study into how pure protection insurance products are sold following concerns that competition is not working well in the market. -
FCA calls on insurers to ensure they demonstrate fair value and good customer outcomes
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 or that they were receiving good outcomes.