FCA | FinTelegram News

Category: FCA

November 13, 2023

UK Metro Bank Put On the Financial Crime Compliance Watchlist!

City M.A. and other UK media outlet reported that Metro Bank has been placed on the Financial Conduct Authority's (FCA) watchlist for financial crime compliance, a development that adds to the bank's challenges as it seeks to recover after a major refinancing deal. The bank confirmed its inclusion on the list in June, with the FCA scrutinizing its management of financial crime risks and the effectiveness of its online account controls.

November 3, 2023

Attention: FCA Imposed Restrictions On Dzing Over Alleged Scam Facilitation And Money Laundering!

UK FCA has tightened the leash on Dzing Finance Ltd, a payment institution controlled by Tatjana Orlova and Mikhail Nadel. Almost 20% of payments processed by the firm in the past year have been marred by fraud, prompting the UK Financial Conduct Authority (FCA) to step in with stringent measures.The FCA, on October 22, 2023, issued a firm yet concise notice, asserting that Dzing has consented to halt the onboarding of any new retail customers.

October 17, 2023

Binance With Troubles In UK! No New Customers Accepted!

Binance's UK customers received an email a few hours ago informing them that the original partner with whom Binance wanted to ensure compliance with marketing actions, Rebuildingsociety.com Ltd (RBS), has had its authorization sort of revoked by the FCA. Therefore, Binance has to look for a new partner. Until then, no new ones will be accepted. The existing customers will continue to be serviced.

October 8, 2023

Binance Announced Compliance with New UK Crypto Rules!

Crypto exchange Binance has unveiled a dedicated domain for its UK clientele, aligning with the imminent Financial Promotions Rules of the UK. In response, Binance has not only introduced a new domain tailored for UK users but also joined forces with Rebuildingsociety.com Limited, an FCA-regulated entity recognized as an S21 approver empowered to greenlight crypto-related marketing and communication materials.

September 18, 2023

Urgent Warning Against Clones Of Regulated Entities, Such As Crypto Broker Scam Coinleader!

The UK Financial Conduct Authority (FCA) again issued over 50 warnings against unauthorized and/or fraudulent financial services providers last week. It is noticeable that these..

August 24, 2023

The Vast Payment Network Around FCA-Regulated EMI Nvayo And The Aurea Lifestyle Scheme!

The U.S. national and UK resident Christopher Scanlon, 43, has been arrested in May 2023 at Miami International Airport over charges of running an unlicensed money transmitting business. He was the founder, president, and CEO of Aurae Lifestyle and Club Swan. From 2015 to 2019, Scanlon operated the scheme, which provided provided fiat and crypto financial services to customers of Aurae Lifestyle. The FCA restricted the activities of Nvayao Ltd, one entity of the Aurea Lifestyle scheme.

August 21, 2023

Update: Scam-Facilitating Payment Processors MoneyNetInt and Payswix!

FCA-regulated EMI MoneyNetInt was one of the big payment processors for the fraudulent binary options industry that defrauded hundreds of thousands of people out of tens of billions of dollars between 2010 and 2018. We exposed Israeli-controlled MoneyNetInt and its affiliated GlobalNetInt as payment facilitators in many scams. Consequently, in June 2021, the FCA announced that MoneyNetInt voluntarily stopped acquiring new customers temporarily in June 2021.

July 25, 2023

Update On FCA-Regulated Axi Group And Its Offshore Broker Activities

We brought our initial review of broker scheme One Financial Markets (OFM) in May 2022 and a brief update in October. OFM is a brand alongside AXI, with which the Australian AXI Group is active. AXI Group has regulatory permission from the UK FCA and South Africa's FSCA. However, the offshore mutations of OFM and AXI are operated by an entity in St. Vincent & The Grenadines. We have added AXI Group to our Orange Compliance list.

June 27, 2023

Railsr And PayrNet Will Most Likely Not Survive Their Current Crisis!

Railsr Group, with its regulated PayrNet entities, has a massive problem. Last week, the Bank of Lithuania revoked its e-Money Institution (EMI) license. The regulator also announced that it would file for insolvency and file a complaint with law enforcement agencies for possible criminal violations. According to its website, the PayrNet entity regulated by the FCA in the UK was also banned from acquiring new distributors or agents.

June 22, 2023

Attention: Please Do Not Fall For The LondonBit Broker Scheme!

The UK regulator Financial Conduct Authority (FCA) warned against the broker scam LondonBit on June 21, 2023. The website does not provide any information about the operators; the jurisdiction stated is the Marshall Islands. LondonBit runs on the Airsoft platform and is one of the hundreds of scam brokers using it. Currently, there are no payment options available. It could be that LondonBit is already preparing its disappearance with the victims' funds.

Crypto
FCA

June 20, 2023

UK Regulator Withdraws Permission For Binance On The Company’s Request!

The UK subsidiary of Binance, the world's largest cryptocurrency exchange, has decided to cancel its unused permissions granted by the UK Financial Conduct Authority (FCA). Binance Markets Limited (BML) has officially withdrawn its permissions for non-crypto-related activities, which means it can no longer provide regulated products and services, as stated by the FCA.

June 18, 2023

Urgent Warning Against Indian Investment & Trading Scheme ClickFXM

Hundreds of financial scams are active on the Internet at any given time. The methods of operators are becoming more and more sophisticated. Via fake news and the unauthorized use of celebrities, they chase victims. ChatBots help them write effective advertising and website texts. One of these investment scams is ClickFXM which the UK financial watchdog FCA warned against this week. Stay far away and protect your financial health.

The Unraveling of Rabidi and the Rise of the SoftSwiss Network: Our Updated Forensic Report

A few months ago, FinTelegram released a first forensic report on the bankruptcy of Rabidi N.V., a Curacao-registered online casino operator with hundreds of millions in revenues — and no traceable assets by the time of its collapse in May 2024. That report already raised serious questions about the opaque structures behind Rabidi’s operations and its successor, Liernin Enterprises Ltd.

DeFi Decoded: Smart Contracts – The Code Behind the DeFi Revolution

Smart contracts are the invisible architects of decentralized finance. These self-executing lines of code run everything from token swaps to lending platforms without middlemen. But while they offer autonomy, they also introduce new risks—bugs, exploits, and irreversible mistakes. In this fourth installment of our FinTelegram DeFi Series, we explain what smart contracts are.

CFTC

Despite New Crypto Friendlyness: No Settlement Between U.S. CFTC And KuCoin?

A planned settlement between the U.S.CFTC and crypto exchange KuCoin is now in limbo due to a reported policy shift within the CFTC. This change is attributed to the Trump administration’s new approach, which deprioritizes enforcement actions against crypto companies. As a result, a CFTC attorney said that it is "unlikely that such authorization will be granted in the near term" regarding the settlement approval.

SEC’s New Era: Paul Atkins Sworn In—Will Crypto Finally Get the Regulatory Clarity It Deserves?

The U.S. Securities and Exchange Commission (SEC) has entered a new chapter with the swearing-in of Paul S. Atkins as its 34th Chairman, a move widely anticipated to mark a dramatic pivot in how the agency approaches crypto and DeFi regulation. For years, the financial industry—especially the burgeoning digital asset sector—has bristled under the SEC’s “Regulation by Enforcement” strategy.

Crypto Mogul Changpeng Zhao – Fallen, Rich, and Rising Again?

As spring 2025 blooms and Easter’s themes of rebirth fill the air, Changpeng Zhao emerges as one of the most controversial figures of startup mythology: a man who fell spectacularly, paid a price—then rose again, wealthier and louder than ever. Once the almighty architect of Binance, CZ now resides in Dubai with a net worth that Forbes estimates at $63 billion.