A Million EPayments Accounts Frozen Due to Regulation Control
Cointelegraph
Published Feb 11, 2020 06:31PM ET
Updated Feb 11, 2020 08:42PM ET
A Million EPayments Accounts Frozen Due to Regulation Control
EPayments Systems Ltd, a United Kingdom-authorized electronic money institution, must suspend online payment operations due to the Financial Conduct Authority’s anti-money-laundering (AML) procedures.
EPayments has released a short statement on its website and has sent out emails to its customers to give a few details on the FCA’s regulatory checks. This regulation has frozen ePayments one million user accounts and has banned new account openings.
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Written By: Cointelegraph
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