A successful regulatory turnaround for a UK EMI and crypto firm, restoring FCA permissions and avoiding administration under new leadership.
Payment Services & Card/ Merchant Acquirers
A UK-based financial services firm authorised by the Financial Conduct Authority (FCA) as an Electronic Money Institution (EMI) and registered as a cryptoasset firm. The client operates in both traditional and digital finance sectors.
Under previous management, the client lost its FCA permissions and faced significant operational and reputational risks. With the business nearing administration, core investors required urgent intervention to stabilise the company, protect its regulatory standing, and restore its ability to operate lawfully in the UK market.
Our specialist consultant was appointed by the client’s core investors to lead a regulatory turnaround. This involved immediate stakeholder engagement, regulatory remediation, and the preparation and submission of detailed documentation to the FCA. We managed the full reinstatement process, liaising directly with the regulator, and ensuring the firm addressed all compliance shortcomings.
• FCA permissions successfully reinstated for both EMI and cryptoasset activities
• Regulatory confidence restored, enabling the client to continue operations
• Avoided administration and positioned the firm for renewed growth under strengthened governance and investor oversight
A US corporate bank in the UK needing BAU On-boarding resources
A UK-crypto asset subsidiary of a Nasdaq-listed firm in the U.S. has a requirement to review their anti-money laundering (AML) policy framework and idetify possible gaps in line with FCA requirements.
Our client had a requirement to review and update its AML Framework to take account of the Fifth Money Laundering Directive and also some changes in its business model.
