Financial Conduct Authority

In the past 7 days we issued 26 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unau… #FCAWarnings #FinancialRegulation

Young drivers could be driving uninsured without knowing it after falling victim to ghost broking — a type of insurance fraud where criminals sell fake or invalid insurance, often via social media. Our research shows half of 17-to 25-year-old drivers have bought insurance through social media or messaging apps. With rising living costs, cheap deals can be tempting, but they could leave you uninsured and at risk of prosecution. Use Firm Checker to check if the insurance firm is legitimate before it’s too late. fca.org.uk/news/press-rel… #FinancialCrime #GhostBroking #Scams #FinancialRegulation

We’re happy to clarify that those undertaking peer-to-peer crypto trades by way of business in the UK requires FCA registration. Someone doing so on a personal basis does not.

We led our first on-site operation targeting illegal peer-to-peer crypto trading, with @HMRCgovUK and @SWROCU Peer-to-peer trading is when individuals buy and sell crypto directly with each other, rather than using a centralised exchange. Any unregistered peer-to-peer crypto traders operating in the UK are doing so illegally. Collaboration across regulatory and law enforcement partners is key to fighting financial crime and keeping markets clean. fca.org.uk/news/press-rel… #FightingFinancialCrime #MoneyLaundering #FinancialRegulation

In the past 7 days we issued 55 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unau… #FCAWarnings #FinancialRegulation

Our financial crime conference brought together over 400 representatives from industry, government and law enforcement and the wider sector to discuss how collaboration is an essential part of protecting consumers and markets. The day’s discussions covered a range of topics, including: •Unlawful finfluencer harm ⚠️ •AML Reform 🪙 •Technology in fighting crime 💻 Thanks to everyone who joined us. #FightingFinancialCrime

Speaking at our conference, Working together to fight financial crime, Nikhil Rathi sets out the importance of a system‑wide effort, built on stronger information sharing, smarter use of technology and joint working. He highlights how financial crime is becoming more organised, technological and interconnected, underlining the need to work together across the system to tackle this growing threat. Read the full speech 👉 fca.org.uk/news/speeches/… #FightingFinancialCrime

We’ve fined and banned Frank Breuer from working in UK financial services for repeatedly acting without integrity and putting customers at risk for personal financial gain. As the joint owner and sole director of Bluesky Wealth Management Limited, Mr Breuer carried out at least 16 defined benefit pension transfers while uninsured, repeatedly misled the FCA about the firm’s insurance and flouted our restrictions. fca.org.uk/news/press-rel… #FightingFinancialCrime #FinancialServices

Following the legal challenges to our motor finance compensation scheme, our priorities remain to secure fair compensation for consumers as quickly as possible and ensure a healthy market. Today, we’ve provided more information to lenders about the grounds of the challenge we’ve received and how they should contingency plan. If consumers have concerns about their motor finance deal, they should complain to their lender. You don't need a law firm or claims management company (CMC), which may charge over 30% of any compensation. Don’t sign up to multiple CMCs or law firms as you may be charged multiple fees. fca.org.uk/news/statement… #CarFinance #MotorFinance #HelpingConsumers #FinancialServices

In the past 7 days we issued 38 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unau… #FCAWarnings #FinancialRegulation

We’re working with @sra_solicitors to review the claims management market, following concerns consumers are being failed by some claims management companies and law firms. The review will look at the root causes of poor practices we have seen across the market, including: • Aggressive marketing. •Misleading advertising. •Unfair exit fees. •Consumers sign-up without consent. While the approach to motor finance claims by some claims management firms and law firms has put these issues into sharper focus, we’re also concerned about the handling of other types of claims. Together with our regulatory partners, we’ll look at practices of firms we regulate, including lead generators, as well as those authorised by others. fca.org.uk/news/statement… #FinancialServices #FinancialRegulation #HelpingConsumers #ClaimsManagement

From 11 May 2026, cryptoasset firms can request a pre‑application meeting with us via our Pre‑Application Support Service (PASS). Authorisation opens on 30 September 2026, with new regulation starting on 25 October 2027. Find out more fca.org.uk/news/news-stor… #FinancialServies #FinancialRegulation #Cryptoassets

We’ve received 4 legal challenges to the motor finance scheme. An industry-wide motor finance scheme is the fastest, simplest route for consumers and the most efficient way for firms to put things right and give certainty to their investors. We'll defend the scheme robustly as lawful and the best way to resolve such a widespread, long running and complex issue. #CarFinance #MotorFinance #HelpingConsumers #FinancialServices fca.org.uk/news/statement…

In the past 7 days we issued 39 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unau… #FCAWarnings #FinancialRegulation

At the @BSABuildingSocs Annual Conference, Sarah Pritchard outlines how we want to support growth, help consumers navigate their financial lives and make our rulebook fit for the future. Read the speech fca.org.uk/news/speeches/… #FCAGrowth #FinancialServices #FinancialRegulation

In the past 7 days we issued 41 warnings about unauthorised or clone firms.   Protect yourself and find all recent warnings fca.org.uk/consumers/unau… #FCAWarnings #FinancialRegulation

This week we led 16 global regulators in taking action against finfluencers illegally promoting financial products. We found 1,267 illegal financial adverts, which reached a minimum of 2,338,372 UK accounts. We're calling for social media platforms to step up and play a more proactive role in stopping illegal financial promotions at source. fca.org.uk/news/press-rel… #FightingFinancialCrime #Finfluencers #Scams #FinancialRegulation #FinfluencerAction

Any law firm or claims management company (CMC) involved in a potential challenge against the car finance compensation scheme that also has clients making car finance claims should consider their position and that of their clients carefully. At the very least, they should write to those clients to explain they’re involved in a challenge that’s likely to delay compensation and give those clients the option of exiting the contract and strongly consider waiving any fees. We’ve no vested interest in setting up a car finance compensation scheme. What matters to us is getting fair compensation for people as quickly as possible and supporting a healthy car finance market for the future. Read our statement fca.org.uk/news/statement… #CarFinance #MotorFinance #HelpingConsumers #FinancialServices

These joint reforms to the Senior Managers and Certification Regime (SM&CR) will keep consumers and markets protected while making the regime more proportionate. fca.org.uk/news/press-rel… #FCAGrowth #SmarterRegulator

Speaking at #IFGS2026, Jessica Rusu highlights how we’re supporting fintech in the next phase of innovation. She announced the next phase of our AI Lab where we're: • Extending our partnership with NVIDIA. • Sharing the next group of firms entering AI Live Testing. • Scaling our Supercharged Sandbox. Read the speech fca.org.uk/news/speeches/… #FCAGrowth #UKFinTechWeek