On 25 July 2024 the FCA announced a £3,503,546 fine against CB Payments Limited for breaching a requirement restricting services to high-risk customers. Consult the final notice for the specific findings and context. [FCA] [FCA]
The primary record
Start with the final notice, identify the precise entity and read the relevant period and legal basis. The press announcement is a route into the document, not a replacement for its qualifications.
What an operations team can ask
If a firm accepts a restriction, how does it make the restriction effective across the actual operating process?
Translate the restriction into controls at the relevant entry and decision points, with ownership and testing. Preserve the original wording and the interpretation used. This is a general editorial lesson, not an assessment of CB Payments’ current arrangements or the wider group.
A source-reading checklist
Working checklist
Progress is saved only in this browser when local storage is available. Ticks record your work; they are not a compliance score.
Limits of this case file
No current provider ranking, onboarding recommendation or live risk score is implied. The file does not assume that historic findings continue unchanged. Reopen the original documents and seek current evidence for a current decision.
Sources & scope
Primary sources used for this research edition. Document dates and commencement dates are different fields. Recheck the issuing authority before acting.
- FCA: CB Payments Limited: final noticeFinal notice · source reviewed 12 November 2026
- FCA: CB Payments Limited: breach of a requirementEnforcement announcement · source reviewed 12 November 2026