Anti-Financial Crime & Financial Crime Compliance
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Compliance, Financial Crime, Regulatory, UK

NEWS: UK’s FCA shuts down Euro Exchange Securities over money laundering concerns

By Kirstin Ridley

THE UK’s Financial Conduct Authority has shut Euro Exchange Securities after London’s High Court approved the regulator’s application ​to appoint administrators for the payments firm.

Euro Exchange Securities UK ‌Ltd, the London arm of an electronic money and payments firm with U.S. and Spanish businesses, now has to ensure that client money is returned as ​quickly as possible, the FCA said.

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