UK FCA bars Bazar Money Transfer from payment services

Firm cannot process regulated remittance transactions

Change
The UK FCA imposed restrictions preventing Bazar Money Transfer Limited from providing regulated payment services.
Why it matters
Transactions routed through the firm cannot be executed, requiring customers to use alternative authorised providers.
Implications
  • Payments blocked — customer funds at risk
  • Users must switch providers — operational disruption

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Source
FCA
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