FCA orders EPayments to suspend operations

FCA orders EPayments to suspend operations

UK regulators have ordered EPayments Systems, an electronic money institution, to suspend online payment operations due to the anti-money-laundering (AML) procedures. EPayments sent out emails to its customers to give a few details on the FCA’s regulatory checks. This regulation has frozen ePayments one million user accounts and has banned new account openings.

Timothy
Timothy
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