The UK Financial Conduct Authority (FCA) has imposed restrictions on Bazar Money Transfer Limited (BMTL), preventing it from providing regulated payment services.

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, the FCA 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, the FCA 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 the FCA Supervision Hub.

BMTL is also not registered to carry on cryptoasset business and must not provide these services to customers.