The Isle of Man Financial Services Authority issued a public statement confirming that it has temporarily suspended, by agreement with Blackfridge SC Limited, certain regulated activities under the Financial Services Act 2008. The suspension, agreed on 14 January 2025, applies to Blackfridge’s Class 8 Money Transmission Services permissions for sub class 2(a) and sub class (4). It will remain in effect until it is varied or lifted by the Authority, the relevant licence permissions are surrendered by Blackfridge, or the permissions are revoked by the Authority; the online register has been updated to reflect the change.
Isle of Man Financial Services Authority 2025-01-22
Isle of Man Financial Services Authority agrees temporary suspension of Blackfridge SC Limited’s money transmission permissions
The Isle of Man Financial Services Authority has temporarily suspended certain regulated activities of Blackfridge SC Limited under the Financial Services Act 2008. The suspension affects Blackfridge's Class 8 Money Transmission Services permissions for sub class 2(a) and sub class (4) and will remain until varied, lifted, surrendered, or revoked. The online register has been updated to reflect this change.