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FCA says Premier FX’s customers should get apology, not additional compensation

The UK regulator believes the appropriate remedy in this case is an apology rather than additional compensation.

The FCA has fined Barclays £783,800 for oversight failings in its relationship with collapsed payments firm Premier FX.

The FCA has publicly censured Premier FX for failing to safeguard its customers’ money and for misuse of its payment accounts.