( October 23, 2026, 09:34 GMT | Official Statement) -- MLex Summary: Six unregulated UK lenders, known as Annex 1 firms, have had restrictions placed on them after the Financial Conduct Authority raised concerns about their anti-money laundering policies, controls and procedures. "The restrictions were imposed by the FCA on each firm’s request and limit their ability to take on new customers or do new business with existing customers, including extending existing credit," the regulator said. Annex 1 firms are not regulated by the FCA, but are authorized for anti-money laundering purposes.Statement follows....
Prepare for tomorrow’s regulatory change, today
MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.
Know what others in the room don’t, with features including:
- Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
- Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
- Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
- Curated case files bringing together news, analysis and source documents in a single timeline
Experience MLex today with a 14-day free trial.