BRITAIN’S Financial Conduct Authority (FCA) has warned that it will shut down payments companies offering bank-like services without banking licences, demanding they immediately fix problems that pose an “unacceptable” risk. Matthew Long, director of payments and digital assets at the FCA criticised payments companies for not adequately safeguarding clients’ money or conducting AMML checks and…
This content is for members only. Visit the site and log in/register to read.
The post NEWS: Britain’s FCA sends warning shot to payments companies over ‘unacceptable risks,’ demands urgent AML fixes appeared first on AML Intelligence.
