The UK Financial Conduct Authority (FCA) has cancelled Taj Exchange Limited’s registration as a Small Payment Institution (SPI) under the Payment Services Regulations 2017 (PSRs).

The firm no longer meets the conditions for registration as an SPI under the PSRs.

In particular, the firm is not complying with a requirement of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017, to be included in a register maintained by His Majesty’s Revenues and Customs.

The cancellation action has been imposed in order to advance the Authority’s consumer protection and integrity objectives (sections 1C and 1D of the Act). It took effect on April 16, 2026.