BCB Group completes UK FCA probe, former chief compliance officer to join Kraken
2024-10-04 06:44:52
According to people familiar with the matter, the UK's Financial Conduct Authority (FCA) investigation into crypto payments firm BCB Group has been concluded, and the outcome has been favorable for the company. The FCA issued an s166 notice to BCB last year, and BCB is in constructive discussions with the regulator to expand the scope of its license. In addition, Natasha Powell, BCB's former chief compliance officer, has resigned and will join crypto exchange Kraken in November to continue as a non-executive director of BCB's payments business. Oliver Tonkin, CEO of BCB, said the company has always adhered to compliance as a priority and maintained a good relationship with the regulator.
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