The UK Financial Conduct Authority (FCA) has published a statement reminding regulated firms of the risks when dealing with unregulated lenders and other "Annex 1" firms. Annex 1 firms are registered ...

The FCA has restricted six unregulated UK lenders over concerns about anti-money laundering controls. Measures curb lending and payments, require independent reviews at five firms, and signal greater ...

While regulation in the UK’s financial services sector is considered robust, it remains important for consumers to know how to verify a lender’s credentials and the responsibilities authorised firms ...