FCA Launches Firm Checker Tool; Experts Remain Cautious
🔎The Financial Conduct Authority (FCA) has launched Firm Checker, a consumer-facing tool to verify whether a financial firm is authorised and whether its contact details match the regulator's records. The FCA says its Financial Services Register contains additional information on firms not covered by the tool, including crypto restrictions, historic fines and permissions. Industry commentators welcomed the move but warned the tool is not a silver bullet and called for broader action to tackle social engineering and money-mule networks.
