The Financial Conduct Authority announced that Kingscrown Finance Limited has stopped onboarding new customers and undertaking new business with existing customers, including extending existing credit, under voluntary restrictions that took effect on 21 April 2026. Kingscrown provides lending for business and investment purposes, including property investment, buy-to-let and house in multiple occupation finance, and has never been authorised by or registered with the FCA. Kingscrown has notified all existing customers of the restrictions and their effects and will secure all books and records. Separately, the FCA referred to earlier communications on the risks of dealing with unregulated lenders and to its 2024 letter to Annex 1 businesses on anti-money laundering standards, adding that firms seeking registration under the Money Laundering Regulations 2017 must meet the relevant requirements and that it may use regulatory tools, including business restrictions, where appropriate.
Financial Conduct Authority 2026-05-11
Financial Conduct Authority announces voluntary restrictions on Kingscrown Finance stopping new customers and new lending
The Financial Conduct Authority announced that Kingscrown Finance Limited has voluntarily stopped onboarding new customers and undertaking new business with existing customers, including extending credit, with effect from 21 April 2026. The authority reiterated the risks of dealing with unregulated lenders and reminded firms seeking registration under the Money Laundering Regulations 2017 that they must meet anti-money laundering requirements, noting it may impose business restrictions where appropriate.