The Financial Conduct Authority has opened an enforcement investigation into Market Financial Solutions Limited (MFS). MFS is an Annex 1 business that is solely registered with and supervised by the FCA for compliance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017. The FCA noted that Annex 1 registered firms are not authorised or subject to wider FCA regulation. MFS entered administration on 25 February 2026.