The UK Financial Conduct Authority (FCA) has cancelled the registration as a small payment institution of Victorian Money Limited (trading as VictorianFX).

The firm has failed to provide payment services since registration in 2018.

Also, it has not engaged in any business activity since registration.

The firm failed to deal with the FCA in an open and co-operative way by failing to voluntarily apply for cancellation of its registration when it has not conducted any payment services for the period of over seven years and despite repeated requests by the Authority to do so.

Additionally, 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 took effect on December 19, 2025.