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Payments firms face UK crackdown over safeguards for customers

The City regulator has warned non-bank payments businesses that serve millions of consumers and small businesses that they face a crackdown over a series of failings.

Payments firms face UK crackdown over safeguards for customers
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  • Shared by KYC360
  • July 13, 2020
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The Financial Conduct Authority told chief executives of regulated payment service providers and electronic money businesses that they must strengthen the way in which they safeguard customers’ money as it highlighted a litany of shortcomings in their businesses.

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