UK FCA Restricts Bazar Money Transfer Payment Operation
The UK Financial Conduct Authority (FCA) said it has imposed restrictions on Bazar Money Transfer’s operations for failing to meet registration requirements.
In an official note, FCA announced that on 21 November 2025, the authority-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, according to an official notice.
However, the company failed FCA compliance, unable to prove it had proper anti-money laundering controls in place. Without proper registration, BMTL was offering crypto asset services.
“As BMTL was no longer meeting the conditions for registration as a small payment institution, we acted to impose restrictions to protect consumers, preventing BMTL from carrying out any regulated payment services.
“Following representations made by BMTL, on 6 March 2026, we issued a Second Supervisory Notice, keeping the restrictions in place.
“Anyone who needs to send or receive money should use an alternative authorised or registered payment services firm.
“Any BMTL customers who haven’t received expected funds should contact our Supervision Hub.
“BMTL is also not registered to carry on crypto asset business and must not provide these services to customers”, the FCA alerts consumers under its watch. Zcash Price Rises 25% as Privacy Token Gains Momentum