Regulated Decentralised Finance Ltd
Reference number: 849446
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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.
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.
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
Level 39, One Canada Square, Canary Wharf, London, E14 5AB, United Kingdom
- BABB
Company details
From the company's Companies House record.
- Company number
- 10803612
- Company status
- Active
- Company type
- Private limited company
- Incorporated
- 5 June 2017 (9 years old)
- Registered office
- Level 39 One Canada Square, London, E14 5AB, England
- Nature of business
-
- Business and domestic software development (SIC 62012)
Current directors and secretaries
| Name | Role | Born | Appointed |
|---|---|---|---|
| Rushd Averroës | Director | Oct 1978 | 5 Jun 2017 |
Warning
Scammers have impersonated this firm
Fraudsters have used this firm's name or details with their own contact information to appear genuine. Check whatever you were given below, and against the firm's real details above.
Fake phone numbers (3)
- +15137831244
- +4368120247720
- +4468120247720
Fake email addresses (2)
- spindletrades@gmail.com
- support@spindletrades.com
Fake websites (1)
- spindletrades.com
The FCA warning these came from
- Spindle Trades / spindletrades.com 12 March 2024
Scammers change these details often. Always check the live FCA warning.
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.
Track record
FCA actions and complaints
No FCA disciplinary action, and no complaints recorded with the Ombudsman.
The clone warnings above are scammers using this firm's name, not something the firm has done.
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.
- BABB Platform Ltd
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Common questions