Firm enforcement history

CB Payments, Ltd

FRN 1045733Register status · Authorised1 enforcement actionFines imposed · £3.5m

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01 · Enforcement history

Actions recorded on Firmwatcher.

23 Jul 2024 · £3.5m

Fine

On 23 July 2024 the Financial Conduct Authority fined CB Payments Limited £3,503,546. The FCA’s Final Notice records that CB Payments breached Statement of Principle 2 by failing to comply with a voluntary requirement (a VREQ) imposed on the firm in the e‑money sector. Statement of Principle 2 requires firms to act with due skill, care and diligence. The FCA imposed the financial penalty set out in its Final Notice (no further outcomes are recorded here).

Summarised from notice and press

Date	Action	Summary	Source document
23 Jul 2024	Fine £3.5m	On 23 July 2024 the Financial Conduct Authority fined CB Payments Limited £3,503,546. The FCA’s Final Notice records that CB Payments breached Statement of Principle 2 by failing to comply with a voluntary requirement (a VREQ) imposed on the firm in the e‑money sector. Statement of Principle 2 requires firms to act with due skill, care and diligence. The FCA imposed the financial penalty set out in its Final Notice (no further outcomes are recorded here). Summarised from notice and press	Open the published notice or announcement

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