THE UK’s FCA (Financial Conduct Authority) has taken control of Euro Exchange UK over concerns about potential links to money laundering.
By PAUL O’DONOGHUE, Senior Correspondent
THE UK’s FCA (Financial Conduct Authority) has taken control of Euro Exchange Securities UK Ltd over concerns about potential links to money laundering.
The regulator plans to place the London-based payments firm into special administration, a form of insolvency. It has also asked a US federal court to recognise the proceedings, according to court filings.
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