The FCA has identified six unregulated lenders subject to business restrictions following concerns about their anti-money-laundering policies, controls and procedures. Its 23 October release consolidates measures imposed at the firms’ request on different dates; it is not an announcement of six simultaneous penalties or criminal findings.[1]
Firms and restriction dates
| Firm | Date | Published terms |
|---|---|---|
| Kingscrown Finance Ltd | 21 April; further measures 25 September 2026 | Later limits on existing-customer payments and orderly loan-book wind-downSource 1 |
| MOMSB Ltd and Momentus Capital Ltd | 7 October 2026 | New customers/lending limited, with exceptions; payment limits and independent AML reviewSource 1 |
| Grosvenor Funding Ltd and Grosvenor Funding (North West) Ltd | 9 October 2026 | New customers/lending restricted; payment limits and independent AML reviewSource 1 |
| Abbital Ltd | 15 October 2026 | Specified conditions on customers, lending and payments; independent AML reviewSource 1 |
These are Annex 1 businesses required to register under the Money Laundering Regulations, rather than firms authorised and supervised across the full FCA regulatory framework. The distinction matters to banks and other counterparties: the FCA says registration does not replace their own due diligence into a lender’s business and risks.[1]
The FCA is also assessing responses to information requests sent to around 900 registered Annex 1 firms. That is the population under review, not a count of firms found deficient. The named restrictions concern control concerns and permitted business activity; the release does not establish that all six lenders laundered money.[1]
Sources & further reading
- FCA restricts 6 firms following concerns over anti-money laundering controls UK Financial Conduct Authority · 23 Oct 2026 · Accessed 26 Oct 2026