The Financial Conduct Authority has imposed requirements on Sendsii Ltd that prevent it from carrying out any regulated activity, including money remittance, without the FCA’s prior written consent. The restrictions were set out in a First Supervisory Notice and applied from 23 January 2026. The action followed HM Revenue and Customs suspending Sendsii Ltd’s registration on 9 October 2025, which meant the firm no longer met the conditions for FCA authorisation under the Payment Services Regulations 2017. Sendsii Ltd must return all funds held for or on behalf of existing customers in accordance with relevant legal and regulatory requirements, with further detail published on the Financial Services Register.
Financial Conduct Authority 2026-03-11
Financial Conduct Authority imposes requirements blocking Sendsii Ltd from regulated activities and requiring return of customer funds
The Financial Conduct Authority (FCA) has restricted Sendsii Ltd from conducting any regulated activities, including money remittance, without prior written consent. This follows HM Revenue and Customs' suspension of Sendsii Ltd’s registration, rendering it non-compliant with the Payment Services Regulations 2017. Sendsii Ltd is required to return all customer funds as per legal and regulatory mandates.