The Financial Conduct Authority has opened an investigation into whether Euro Exchange Securities UK Ltd committed offences under the Money Laundering, Terrorist Financing and Transfer of Funds Regulations between Feb. 1, 2020, and June 4, 2026. The potential failings concern the firm’s identification, assessment and documentation of money laundering risks across its customers, markets, services, transactions and delivery channels. The investigation will also examine whether the firm maintained effective policies, controls and procedures covering customer due diligence, ongoing monitoring, governance, resourcing, record keeping and escalation. It follows the FCA’s June 2026 restrictions on the firm’s regulated electronic money and payment services and the High Court’s subsequent appointment of special administrators. The FCA has not reached any conclusions about what occurred or whether the firm breached relevant requirements.
2026-09-17Financial Conduct Authority
UK Financial Conduct Authority opens investigation into Euro Exchange Securities over potential money laundering control offences
The Financial Conduct Authority is investigating whether Euro Exchange Securities UK Ltd committed money laundering regulation offences between Feb. 1, 2020, and June 4, 2026. The inquiry covers potential weaknesses in risk assessments, customer due diligence, monitoring, governance and related controls, but no conclusions have been reached.