In a significant move to ensure customer protection, payment services company LCC Trans-Sending Limited (LCC), known for its operations under various trade names including Small World Money Transfer and Bayba (UK), has ceased onboarding new customers. This decision comes as a direct response to actions taken by the Financial Conduct Authority (FCA).
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As of June 10, 2024, LCC has officially closed its doors to new business and has halted the acceptance of funds from existing customers. The FCA, in its commitment to safeguarding consumer interests, prompted LCC to enter into a formal agreement to solidify these measures.
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