Financial Conduct Authority✓

We’ve secured High Court undertakings to ensure global crypto exchange HTX will not knowingly promote cryptoasset services unlawfully to UK consumers. HTX is no longer active in the UK. UK users should visit its website for information about the availability of its services and arrangements for withdrawing any residual assets. #FightingFinancialCrime #Crypto #Cryptoassets #FinancialRegulation

We’ve restricted 6 unregulated lenders after raising concerns over their anti-money laundering controls. The restrictions were imposed on each firm’s request and limit their ability to take on new customers or do new business with existing customers. Annex 1 firms must show they can manage the money laundering risks they face. #FinancialRegulation #FightingFinancialCrime

Rising mortgage rates and energy bills are making it harder to keep up with repayments. If you’re struggling, contact your lender. They must offer support tailored to your situation. They may reduce or pause your payments, change your loan terms or direct you to free debt advice. #HelpingConsumers #FinancialServices

In the past 7 days we issued 19 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings #FCAWarnings #FinancialRegulation

Speaking at Mansion House, Nikhil Rathi set out how we need to adapt as technology transforms financial markets. That means investing in data and technology, using our powers effectively and working in partnership to maintain trust and market integrity. #FinancialServices #FinancialRegulation #SmarterRegulator

We’ve banned former Vector Wealth CEO Jeffrey Dawkins after his misconduct led to £4m losses in high-risk investments. He falsely told us he remained in control of the firm, allowing its authorised status to make high-risk mini-bonds appear safer than they were. Former senior manager Kadir Kanizi has also been fined and banned. Mini-bonds are high risk investments and not suitable for most people. Read more #FightingFinancialCrime #FinancialRegulation

In the past 7 days we issued 16 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings #FCAWarnings #FinancialRegulation

How can agentic AI and data science help us become a smarter regulator? Our Chief Data, Information & Innovation Officer Jessica Rusu spoke to @HoCcommitteesUK about using technology and data to identify issues sooner, intervene faster and act at greater scale. #SmarterRegulator #FinancialServices #FinancialRegulation #AI

In a joint operation with @NCA_UK, 3 individuals were arrested following a major operation to disrupt a suspected organised criminal group for insider dealing and money laundering. More than 100 FCA and NCA staff took part in searches at 5 residential premises in London and Manchester. Mobile phones, laptops, and tablets were seized by FCA investigators. Working with partners, we’ll continue to use all the powers at our disposal to crack down on serious and organised crime groups involved in market abuse. #FightingFinancialCrime #FinancialRegulation

Two people who worked at financial advice firms have pleaded guilty to fraud after 4 clients lost £2m. Director of Nexus Independent Financial Advisors and Investment Managers Ltd, Kerry Nelson and the firms’ business operations manager, Jacqueline Stephens, admitted charges of defrauding clients between January 2019 and January 2023, using false documents as part of the fraud. Kerry Nelson has also admitted a money laundering offence after money was withdrawn from the firms, which she used to fund her extravagant lifestyle. Both will be sentenced at Portsmouth Crown Court in December. #FightingFinancialCrime #FinancialRegulation

The Upper Tribunal has confirmed it will hear the legal challenges to our motor finance compensation scheme between 16 to 26 February 2027. Our scheme is the quickest, fairest and most efficient way to compensate consumers and we'll defend it robustly. #CarFinance #MotorFinance

In the past 7 days we issued 96 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings #FCAWarnings #FinancialRegulation

New research from @WhichUK has found examples of firms on our Warning List advertising on major online platforms, underlining the need for tech firms to protect consumers by doing more to tackle illegal financial promotions and scams.

Our latest research reveals that unauthorised firms are still advertising financial services scams on on social media platforms and search engines, even after being placed on the Financial Conduct Authority’s (FCA) warning list.

Thank you to everyone who joined this year’s Annual Public Meeting at Edinburgh’s Assembly Rooms and online. Our Executive Committee shared the progress we’ve made on our 5 year strategy and answered questions from consumers and firms across the UK. We took questions on a range of issues including our treatment of whistleblowers, the impact of the Consumer Duty and AI adoption. Consumer protection remains at the heart of our work. By maintaining trust and supporting growth, we’ll continue to deliver tangible benefits for consumers, firms and the wider economy. #FinancialRegulation #FinancialServices

Our condolences go out to the family and friends of whistleblower Simon Andriesz, following the incredibly sad news of his passing. We've asked non-executive director Lea Paterson to review how we interacted with Mr Andriesz, to see whether we could have done things better and learn for the future. It's important that people feel confident coming to us with their concerns and we’re grateful so many do. Read more

In the past 7 days we issued 265 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings #FCAWarnings #FinancialRegulation

FCA today joined with @metpoliceuk in an operation against suspected organised crime. Over 800 officers took part in dawn raids at 24 properties. #FightingFinancialCrime #FinancialRegulation

Victims of a £1.5m crypto investment fraud are closer to getting money back after we secured confiscation orders against Raymondip Bedi and Patrick Mavanga. The pair persuaded victims to invest in fake cryptoasset opportunities, leaving at least 65 people out of pocket. The orders will help recover funds for those targeted. #FightingFinancialCrime #Crypto #InvestmentScam

In the past 7 days we issued 28 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings #FCAWarnings #FinancialRegulation