Verified facts
The FCA's 23 October announcement described restrictions on six Annex 1 lenders following concerns about their anti-money-laundering policies and controls. The restrictions were imposed at each firm's request, on dates before the announcement.
The regulator explained that Annex 1 firms register for supervision under the Money Laundering Regulations but are not authorised or subject to wider FCA regulation. Restrictions vary by firm and can limit new customers, new lending or payments.
Apolifina analysis
The exact status of a financial business matters more than the general claim that it is registered with a regulator. Customers and counterparties should check the relevant firm-specific notice rather than assume all six firms have identical conditions.
Uncertainty and risk
Control concerns do not establish that every firm committed money laundering. The announcement is not evidence of an automatic compensation entitlement. It summarises earlier restrictions, not six new actions all imposed on 23 October. General information only.
Primary sources
Source released 23 October 2026. Published 28 October 2026; catch-up coverage of the original release.
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