UK's FCA bars Bazar Money Transfer Limited from providing regulated payment services
Payment operations teams using Bazar Money Transfer Limited cannot process regulated transfers
Change
UK's FCA imposed restrictions on Bazar Money Transfer Limited on 21 November 2025, preventing it from carrying out any regulated money remittance services to retail and corporate customers.
Why it matters
Active regulated transfers routed via Bazar will fail or be blocked, causing immediate non-execution of payments and customer complaints. Customer-facing, compliance, and back-office teams must treat expected receipts from Bazar as unavailable and escalate unresolved missing-payment cases to the FCA's Supervision Hub.
Implications
- — Payment operations teams at banks and authorised payment service providers — must immediately block and reroute any in-flight or scheduled transfers via Bazar Money Transfer Limited — otherwise those transfers will fail and customers will not receive funds.
- — Compliance teams at banks and payment firms onboarding or operating third-party payment partners — must now verify that any partner is authorised or registered and suspend reliance on Bazar — otherwise the firm risks processing through an unauthorised provider and regulatory scrutiny or customer remediation obligations.
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