01 · In plain English
What happened.
On 23 July 2024 the Financial Conduct Authority fined CB Payments Limited £3,503,546. The FCA’s Final Notice records that CB Payments breached Statement of Principle 2 by failing to comply with a voluntary requirement (a VREQ) imposed on the firm in the e‑money sector. Statement of Principle 2 requires firms to act with due skill, care and diligence. The FCA imposed the financial penalty set out in its Final Notice (no further outcomes are recorded here).
Summary generated from the FCA notice and press reports. Check the final notice below before relying on it.
02 · Enforcement details
What the FCA published.
On 23 July 2024, the Financial Conduct Authority fined CB Payments, Ltd £3,503,546. This Final Notice refers to a breach of Statement of Principle 2 related to breaches of voluntary requirements (VREQ) in the e-money sector. The FCA imposed a financial penalty of £3,503,546. Source: the FCA's published list of 2024 fines. Notice:
03 · Firm details
Firm on the FCA register.
- Firm name
- CB Payments, Ltd
- Firm reference number
- 1045733
Watchlist this firm
Monitor CB Payments, Ltd on FRN Watch.
We check the FCA register every day. Get an email when anything changes for this firm: permissions, requirements, or a new disciplinary entry.