FCA restricts business of 6 Annex 1 lenders
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AI-assisted source synthesis · not an independent investigation.
On October 23, 2026, the UK Financial Conduct Authority (FCA) said it had imposed restrictions on the business activities of 6 unregulated Annex 1 lenders at their request. The institutions may not take on new customers or conduct new business with existing customers, including extending existing credit. The FCA said it had concerns about their anti-money laundering policies, controls and procedures while assessing their applications. The FCA also reminded regulated firms that registration status does not replace their own due diligence. The FCA is currently assessing responses to information requests from around 900 registered Annex 1 firms to identify financial crime risks and decide whether to take further action.
AI-written from reports · updated 3 hours ago
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- FCA (UK)FCA restricts business at 6 Annex 1 lenders over anti-money laundering controls
FCA has imposed restrictions on 6 unregulated Annex 1 lenders, preventing them from taking on new customers or conducting new business with existing customers, including extending existing credit. The restrictions were imposed at each firm’s request, after FCA raised concerns about their anti-money laundering policies, controls and procedures while assessing their applications. FCA also reminded regulated firms that registration status is no substitute for their own due diligence, and said it is assessing responses to information requests sent to around 900 registered Annex 1 firms to identify financial crime risks and decide whether to take further action.
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