FCA imposes restrictions on Bazar Money Transfer Limited
Why this matters
This regulatory update from the FCA imposes restrictions on a money transfer firm, Bazar Money Transfer Limited (BMTL), preventing it from providing regulated payment services. This is due to BMTL no longer meeting the conditions for registration as a small payment institution. The update also notes that BMTL is not registered to carry on cryptoasset business. The FCA is taking action to protect consumers, which indicates a high level of urgency.
AI-generated classification rationale, not a full analysis. Verify with the original FCA source before acting. Full disclaimer.
What the FCA said
On 21 November 2025, we imposed restrictions on Bazar Money Transfer Limited (BMTL), preventing it from providing regulated payment services. BMTL is registered with the FCA to provide money remittance services to retail and corporate customers.As BMTL was no longer meeting the conditions for registration as a small…
Extract from FCA . Read the full notice at the source for the authoritative text.
Context
Financial Conduct Authority (FCA) — UK financial services regulator. We track 425 updates from them.
Financial services regulation in the UK, primarily overseen by the FCA and PRA. Browse all United Kingdom updates.
This update is classified under AML / Financial Crime, Authorisation & Licensing, Consumer Protection / Conduct and Payments & E-Money.