Financial Conduct Authority

We regulate financial services firms and markets in the UK, setting standards for firms to meet and holding them to account.

@FCACymru

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 25 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

We’ve opened an enforcement investigation into Consultation Claims Ltd (CCL) following concerns about its conduct in the period April 2025 to December 2025 in relation to motor finance claims.

We’re investigating concerns that consumers may have been signed up during this period without their consent, with some allegations that signatures have been forged.

We’ve not reached any conclusions as to what has happened or as to whether CCL has breached any relevant requirements.

https://t.co/QBVV1PvNJG

#CarFinance #FinancialRegulation

[Financial Conduct Authority @TheFCA]

Football clubs should not put their fans’ cash at risk by signing sponsorship deals with financial firms that aren't allowed to operate in the UK.

Millions of football fans trust their club’s badge. Clubs should not let unauthorised financial firms exploit that loyalty by putting potentially dodgy products in front of millions of fans.

We’ve written to football clubs to warn about their relationships with these firms and to remind them of their responsibilities to fans.

https://t.co/pPTUB6KsiU

#FightingFinancialCrime #FinancialRegulation

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 20 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 26 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

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.

https://t.co/6fgRQ6Jj7a

#FinancialCrime #GhostBroking #Scams #FinancialRegulation

[Financial Conduct Authority @TheFCA]

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.

[Financial Conduct Authority @TheFCA]

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.

https://t.co/fYk8WS4IKx

#FightingFinancialCrime #MoneyLaundering #FinancialRegulation

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 55 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

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

[Financial Conduct Authority @TheFCA]

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 👉 https://t.co/IQEsrd5qwM

#FightingFinancialCrime

[Financial Conduct Authority @TheFCA]

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.

https://t.co/Zt4IUiaXTI

#FightingFinancialCrime #FinancialServices

[Financial Conduct Authority @TheFCA]

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.

https://t.co/PLvmV1X54Q

#CarFinance #MotorFinance #HelpingConsumers #FinancialServices

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 38 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

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.

https://t.co/vBZoRGp576

#FinancialServices #FinancialRegulation #HelpingConsumers #ClaimsManagement

[Financial Conduct Authority @TheFCA]

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 https://t.co/wANnqSpFET
#FinancialServies #FinancialRegulation #Cryptoassets

[Financial Conduct Authority @TheFCA]

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

https://t.co/6iKR6oPiDf

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 39 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

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 https://t.co/E70bhdbYMz

#FCAGrowth #FinancialServices #FinancialRegulation

[Financial Conduct Authority @TheFCA]

In the past 7 days we issued 41 warnings about unauthorised or clone firms.

Protect yourself and find all recent warnings https://t.co/F6gjRRqNx5

#FCAWarnings #FinancialRegulation

[Financial Conduct Authority @TheFCA]

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.

https://t.co/wKLnLQicx7

#FightingFinancialCrime #Finfluencers #Scams #FinancialRegulation #FinfluencerAction