Financial Conduct Authority
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Barclays Fined $56 Million Over Poor Handling Of Crime Risks
Britain's financial watchdog on Wednesday said it had fined Barclays bank $56 million for "poor handling of financial crime risks".
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Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was a...
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UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
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UK Unveils Tougher Rules for Crypto Sector, Will Curb Advertising With 'Cooling Off' Periods, Risk Warnings
British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to p...
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UK’s Financial Watchdog Orders Crypto ATMs to Shut Services, Reveals None Have Official Permits
Crypto ATM machines in the UK are operating illegally, its economic regulator, the Financial Conduct Authority (FCA) has clearly stated. Out of all the crypto-related companies operating in the UK, none have been permitted to offer crypto ATM services.
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Google, Facebook, Twitter, More Big Tech to Be Forced by Britain to Combat Online Scams
Britain said it would force Google, Facebook, Twitter, and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups for a stronger crackdown on scams.
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Rishi Sunak Appoints Indian-Origin Man As Chief Of Financial Regulator FCA
UK Chancellor of the Exchequer Rishi Sunak today appointed Indian-origin chief of the London Stock Exchange Nikhil Rathi as the new chief executive of the UK's Financial Conduct Authority.
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Indian-Origin Broker Among 5 Jailed In UK's 'Boiler Room' Scam
An Indian-origin broker has been sentenced to five and a half years' imprisonment for his role in a 2.8-million pound investment fraud targeting elderly and vulnerable people in the UK.
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Barclays Fined $56 Million Over Poor Handling Of Crime Risks
Britain's financial watchdog on Wednesday said it had fined Barclays bank $56 million for "poor handling of financial crime risks".
-
Application of AI in Finance Causes Imbalance if "Unleashed Unfettered", Warns UK Financial Watchdog
Applying artificial intelligence (AI) to financial services must go hand-in-hand with better fraud prevention and resilience to hacking and outages, Britain's Financial Conduct Authority (FCA) was expected to say on Wednesday. Nikhil Rathi, chief executive of the FCA, said in remarks made available to the media in advance of a speech, that he was a...
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UK Financial Watchdog Stops 26 More Illegal Cryptocurrency ‘Machines’
Britain's Financial Conduct Authority said on Tuesday it has stopped 26 machines across the country for illegally offering cryptocurrencies, warning consumers they could lose all of their money.
-
UK Unveils Tougher Rules for Crypto Sector, Will Curb Advertising With 'Cooling Off' Periods, Risk Warnings
British consumers buying cryptoassets will get a 24-hour "cooling-off" period for the first time from October under tougher marketing rules unveiled by the financial regulator on Thursday. The Financial Conduct Authority (FCA) said "refer a friend" bonuses for crypto buyers would also be scrapped and that those promoting such assets would have to p...
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UK’s Financial Watchdog Orders Crypto ATMs to Shut Services, Reveals None Have Official Permits
Crypto ATM machines in the UK are operating illegally, its economic regulator, the Financial Conduct Authority (FCA) has clearly stated. Out of all the crypto-related companies operating in the UK, none have been permitted to offer crypto ATM services.
-
Google, Facebook, Twitter, More Big Tech to Be Forced by Britain to Combat Online Scams
Britain said it would force Google, Facebook, Twitter, and other online platforms to prevent paid-for fraudulent adverts after calls from regulators and consumer groups for a stronger crackdown on scams.
-
Rishi Sunak Appoints Indian-Origin Man As Chief Of Financial Regulator FCA
UK Chancellor of the Exchequer Rishi Sunak today appointed Indian-origin chief of the London Stock Exchange Nikhil Rathi as the new chief executive of the UK's Financial Conduct Authority.
-
Indian-Origin Broker Among 5 Jailed In UK's 'Boiler Room' Scam
An Indian-origin broker has been sentenced to five and a half years' imprisonment for his role in a 2.8-million pound investment fraud targeting elderly and vulnerable people in the UK.
