Revolut faces increased scrutiny after failing to notify UK regulators about CEO Nik Storonsky’s residency change to the UAE before a corporate filing. The fintech company, which is currently seeking a full UK banking license, drew attention when the Financial Times reported that officials from the Treasury, Financial Conduct Authority (FCA), and Bank of England were unaware of this significant update until it was disclosed in October. The detail emerged from updated Companies House filings related to Storonsky’s family office. This non-disclosure raises concerns regarding regulatory compliance and transparency in the fintech sector. For comprehensive insights into financial markets, commentary from industry leaders, and exclusive regional bank rankings, consider subscribing to The Banker for in-depth coverage and breaking news. Stay informed on critical financial developments and regulatory updates by following trusted sources.
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