Britain's Financial Conduct Authority (FCA) has fined Metro Bank 16 million pounds ($20.51 million), for failings in its anti-money laundering controls between June 2016 and December 2020.
Coinbase has been fined $4.5 million by a U.K. regulator for serving “high-risk” customers. The fine, announced Thursday (July 25) by the Financial Conduct Authority (FCA), was levied against a subsidiary of the cryptocurrency exchange, CB Payments Limited (CBPL), which the FCA says repeatedly violated a requirement preventing the company from doing business with high-risk clients.
An entity controlled by Nasdaq-listed cryptocurrency trading platform Coinbase Global Inc (NASDAQ:COIN) has been slapped with a £3.5 million fine from the UK Financial Conduct Authority for failing to prevent high-risk customers from using its platform. The FCA determined that CB Payments Limited (CBPL), which is a part of Coinbase, repeatedly breached a voluntary requirement that it entered into with the FCA in October 2020.
WASHINGTON, DC / ACCESSWIRE / May 20, 2024 / Fragrance Creators Association (FCA) President and CEO Farah K. Ahmed issued the following statement on funding to support the Food and Drug Administration's (FDA) implementation of the Modernization of Cosmetics Regulation Act (MoCRA): "FCA is asking Congress to provide at least $8 million for the FDA's work to implement MoCRA in fiscal year 2025 (FY25). MoCRA ushered in a new era in cosmetics regulations but its success hinges on adequate funding. Consequently, FCA submitted letters to Congress today urging it to prioritize sound science, safety, and innovation and appropriate at least $8 million for FY25."Fragrance plays an essential role in cosmetics and personal care products, products that nurture skin health and hygiene, empower self-expression, lift confidence, and more. Sufficient funding for FDA to implement MoCRA will support responsible fragrance industry innovation, uphold safety, increase consumer confidence in the products they know and love, and advance environmental sustainability."###Fragrance Creators Association is the trade association representing the majority of fragrance manufacturing in North America. We also represent fragrance-related interests along the value chain. Fragrance Creators' member companies are diverse, including large, medium, and small-sized companies that create, manufacture, and use fragrances and scents for home care, personal care, home design, fine fragrance, and industrial and institutional products, as well as those that supply fragrance ingredients, including natural extracts and other raw materials that are used in perfumery and fragrance mixtures. Fragrance Creators established and administers the Congressional Fragrance Caucus, ensuring ongoing dialogue with members of Congress and staff. Fragrance Creators also produces The Fragrance Conservatory, the comprehensive digital resource for high-quality information about fragrance-www.fragranceconservatory.com. Learn more about Fragrance Creators at fragrancecreators.org-for people, perfume, and the planet.Contact InformationKatie Cross [email protected]: Fragrance Creators AssociationView the original press release on newswire.com.