UK FCA Chief Data Officer Jessica Rusu Delivers Policy Remarks on AI Regulation and Innovation at City Week 2025

by Theresa Joy Lacatan | Jul 2, 2025 | AI News, Blog News

On 1 July 2025, Jessica Rusu, Chief Data, Information and Intelligence Officer of the United Kingdom Financial Conduct Authority (UK FCA), delivered a speech titled “Harnessing AI and technology to deliver the FCA’s 2025 strategic priorities” at the AI and Digital...

UK FCA Confirms September 2027 Trial for £64 Million WealthTek Fraud and Money Laundering Case

by Theresa Joy Lacatan | Feb 27, 2025 | Blog News, Crypto News

On 25 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) announced that the criminal trial of John Dance, the former principal partner of WealthTek LLP, has been scheduled for September 2027 at Southwark Crown Court. The case concerns allegations...

UK FCA and PSR Assess Impact and Competition Concerns in Digital Wallet Market in United Kingdom and Published Feedback Statement

by Theresa Joy Lacatan | Feb 26, 2025 | Blog News, Crypto News

On 19 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) and the United Kingdom Payment Systems Regulator (UK PSR) published a joint Feedback Statement FS25/1: Big tech and digital wallets assessing the impact and growth of digital wallets, in...

UK FCA Fines Mako £1.66 Million for Failings in Cum-Ex Trading Controls

by Theresa Joy Lacatan | Feb 20, 2025 | Blog News, Crypto News

On 18 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) issued a Final Notice: Mako Financial Markets Partnership LLP, imposing a fine of £1,662,700 for failing to ensure it had effective systems and controls to guard against financial crime. The...

UK FCA Intensifies Crackdown on Misleading Financial Adverts with Crypto Asset, Debt Solutions, and Claims Management Company

by Theresa Joy Lacatan | Feb 10, 2025 | Blog News, Crypto News

On 07 February 2025, the United Kingdom Financial Conduct Authority (UK FCA) published its report detailing its regulatory actions in 2024. The report states that nearly 20,000 financial promotions were withdrawn or amended, marking a 97.5% increase from 2023. The UK...