The United Kingdom’s Financial Conduct Authority has awarded an e-money license to payment and risk management firm The ai Corporation. The approval, granted earlier in July, enables The ai Corporation to provide fully FCA-compliant financial services. Effective July 1, the ...

Regulator writes to companies over sale of products such as spread bets, also telling them to boost money laundering defences

Proposed levy coincides with government withdrawal of funding for service which has prosecuted more than 300 illegal money lenders since 2004

Early last week Zopa, the United Kingdom’s largest peer-to-peer lender, announced they passed the £400 million mark lent on the site since it went live in 2005.  When converted to US dollars, its total of just under $650 million places ...