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The Financial Conduct Authority has handed Nationwide Building Society a £44m fine after finding serious shortcomings in its anti-money laundering and financial crime controls over a period of several years.   According to the UK regulator, Nationwide operated with inadequate anti-financial crime systems and controls between October 2016 and July 2021. During this time, those controls failed to effectively monitor transactions carried out by customers holding personal current

The Financial Conduct Authority (FCA) has unveiled a new slate of growth initiatives for 2026, with a major focus on enabling UK-issued stablecoins to deliver quicker and more convenient payment options. As part of this effort, the regulator plans to open its sandbox to allow firms to test stablecoin issuance in a controlled environment, promoting both safe experimentation and forward-looking policymaking. In a letter addressed to the Prime Minister, the FCA noted that nearly