FCA Restricts Bazar Money Transfer Limited from Payment Services

FCA imposes restrictions on Bazar Money Transfer Limited

News stories First published:

08/04/2026

Last updated: 08/04/2026
On 21 November 2025, we imposed restrictions on Bazar Money Transfer Limited (BMTL), preventing it from providing regulated payment services.

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BMTL is registered with the FCA to provide money remittance services to retail and corporate customers.

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 cryptoasset business and must not provide these services to customers.

More information

You can read the Second Supervisory Notice which outlines our concerns and the basis for imposing the restrictions.

Find out more about the restrictions on the Financial Services Register.

The FCA is the anti-money laundering and counter-terrorist financing supervisor of UK cryptoasset businesses under the Money Laundering Regulations (MLRs).

Any cryptoasset exchange provider or custodian wallet provider which operates its business in the UK must be registered with the FCA – Cryptoassets: Who needs to register.

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Second Supervisory Notice 2026: Bazar Money Transfer Limited