The FCA has added TradeWell to its Warning List as an unauthorized entity suspected of providing or promoting financial services without proper permissions in the UK. Compliance teams should note this for screening, due diligence, and consumer protection awareness purposes, as customers dealing with this firm lack access to FOS and FSCS protections.
ASIC has issued a repeal instrument formally revoking the ASIC Corporations (Deposit Product Disclosure) Instrument 2015/683. Firms relying on the relief or disclosure modifications provided under the 2015 instrument must review their current disclosure practices to ensure continued compliance once the repeal takes effect.
ASIC has cancelled AGFA Accountants Pty Ltd's registered agent status due to breaches of its Registered Agent Terms and Conditions. This action underscores ASIC's ongoing enforcement focus on registered agent compliance and signals increased scrutiny of firms providing company registration services on behalf of clients.
The FCA has publicly flagged RUDIMENTAL24 INVESTITION as an unauthorized entity potentially targeting UK consumers with unlicensed financial services or products. Compliance teams should note this addition to the FCA Warning List as part of ongoing due diligence, screening, and anti-fraud monitoring processes, particularly where third-party or counterparty checks are involved.
ASIC has secured further NSW Supreme Court orders to protect assets held in the Deckchair Trust after discovering Christopher Edwards purportedly changed the trust's trustee shortly after provisional liquidators were appointed to his associated companies. This escalation—joining Edwards personally to the proceedings—signals ASIC's intent to pursue individuals who attempt to circumvent asset preservation orders through trust and corporate structuring maneuvers.
The FCA has issued updated guidance clarifying who must register under the Money Laundering Regulations (MLRs) to provide cryptoasset services in the UK, ahead of the new regulatory regime launching on 25 October 2027. Compliance teams at firms offering cryptoasset exchange, custodian wallet, or marketing services to UK customers should urgently assess registration obligations, given historically low approval rates and high withdrawal/rejection rates.
The FCA has added Finsbury Markets to its Warning List, confirming the firm is not authorized to provide or promote financial services in the UK. Compliance teams should treat this as a consumer protection and financial crime alert, ensuring no business relationships, referrals, or payment flows connect to this entity.
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