U.K. Regulator FCA Moves To Take Control Of Euro Exchange Over Financial Crime Concerns

The U.K.’s Financial Conduct Authority (FCA) has taken control of Euro Exchange Securities UK Limited and is seeking to place the payments firm into special administration following concerns over potential links to money laundering and compliance failures.

According to court filings, the regulator has also approached a US federal court to secure recognition of the insolvency proceedings. The FCA cited concerns regarding the risk profile of some of the company’s customers and possible breaches of anti-money laundering regulations.

The regulator said its review of the company’s operations indicated risks related to financial crime. Court documents also state that certain entities within Euro Exchange’s network, as well as some clients, have been linked to money laundering investigations or failures to prevent financial crime. The filings further noted that some of the firm’s assets may be connected to criminal activity.

A court hearing on June 11, 2026, will determine whether the London-based company enters special administration. Euro Exchange operates internationally, with operations in the United States, Spain, and Puerto Rico.