Allied Wallet Limited (Allied Wallet) is authorised and supervised by the Financial Conduct Authority (FCA) to issue e-money and provide payment services under the Electronic Money Regulations 2011 (the EMRs).
On 4 June 2019, the FCA imposed a number of requirements on Allied Wallet including:
- the firm must not carry on any regulated activities
- it must not dispose of its assets or any of the funds it holds in relation to e-money services
- it must set out a statement on its website and communicate to customers that it is no longer permitted to conduct any regulated activities
This is to protect the interests of Allied Wallet’s customers. The full requirements have been published to the FCA Register.
Any customer with questions should contact the firm.
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