Paypal UK Ltd
Reference number: 1000741
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On the register, but not FCA authorised
This firm is registered with the FCA for anti-money-laundering checks only, which is how cryptoasset firms are registered. That is not authorisation: the FCA does not oversee how it treats customers, and FSCS protection does not apply.
This is the company's money-laundering registration only. It separately holds full FCA authorisation under FRN 994790 →.
What does this mean?
- Some businesses are required by law to have an anti-money-laundering supervisor. For this kind of business that supervisor is the FCA, and the registration is the only reason the firm appears on the FCA register.
- What the FCA checks is narrow: that the firm identifies its customers, keeps records, and reports suspicious activity. It is the anti-crime paperwork behind a bank asking you for ID.
- It does not check anything about you as a customer. Not whether the firm treats you fairly, not whether it is financially sound, not whether what it sells is any good. The FCA describes firms registered this way as “not authorised or subject to wider FCA regulation”.
- So if the firm fails or treats you badly, there is no compensation to fall back on. The FCA's own position is that crypto is largely unregulated in the UK and that compensation for crypto losses is highly unlikely.
Same company
This company holds 2 other FCA records
A company can hold several FCA records, covering different parts of its business, and each one carries its own permissions and protection. The reference number you were given decides which record applies to you.
Identity
Check their details
Compare these against whatever you were given. Scammers clone real firm names and reference numbers but use their own phone number and website, so a detail that does not match the register is the clearest warning sign there is.
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Verified website
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Verified phone number
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Verified address
PayPal UK Ltd, 76 Upper Ground, London, City Of London, SE1 9PZ, United Kingdom
Company details
From the company's Companies House record.
- Company number
- 14741686
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 20 March 2023 (3 years old)
- Registered office
- 5 Fleet Place, London, EC4M 7RD, United Kingdom
- Nature of business
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- Financial intermediation not elsewhere classified (SIC 64999)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| David Jonathan Bennett | Director | Mar 1962 | 1 Nov 2023 |
| Simon Daniel Bladon | Director | Sep 1973 | 17 Apr 2024 |
| Benjamin Nicholas Davey | Director | Jan 1972 | 8 Jul 2024 |
| Jane Susannah Leach | Director | May 1966 | 8 Jul 2024 |
| Kate Rochford Cino | Director | Oct 1982 | 8 Jul 2024 |
Activities and protection
What the record covers, and how you are protected
- Money-laundering registration onlyThis firm is registered for anti-money-laundering supervision only. It is not FCA-authorised. Money you hand over is not protected by the FSCS, and the Financial Ombudsman Service generally does not cover unregulated cryptoasset activity.
Limits on the record
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The Firm must comply with the following restriction relating to activities listed in the Direction below.
The Firm must not allow the exchange, or arrangement for exchange, of its customers’ cryptoassets with any other customers or third parties.
Track record
FCA actions and complaints
No FCA disciplinary action, and no complaints recorded with the Ombudsman.
Previously registered as
The FCA register holds one earlier registered name for this firm. A registered name changes when a firm rebrands, and a partnership's changes whenever its partners do.
- Paypal UK Limited
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