by admin | Oct 23, 2025 | AML & Financial Crime
Executive Summary Safeguarding is the bedrock obligation for UK payment institutions (PIs) and e-money institutions (EMIs). The FCA requires firms to segregate customer money and either: Hold it in a designated safeguarding account with an authorised credit...
by admin | Sep 27, 2024 | Safeguarding & Client Funds
In response to growing concerns about safeguarding practices in the payments and e-money sector, the Financial Conduct Authority (FCA) has published a detailed consultation paper (CP24/20), proposing significant changes aimed at enhancing consumer protection, raising...
by admin | Jul 21, 2021 | FCA Licensing & Regulatory Applications
Many firms ask various forms of the same question: What is the difference between an E Money and a payment service licence? It is the question that underpins their path to gaining permission from the FCA or European regulator. If a firm applies for the wrong licence,...
