In September, 11 of the world's most powerful financial firms were fined nearly $2 billion for off-channel comms. We are unable to comment on firm-specific supervisory issues at this stage." In an email to The Register, an FCA spokesperson explained: "We are actively discussing personal device use with a range of UK authorized firms, not limited to those who may have been subjected to other regulatory enquiries. You'll soon be able to ghost a WhatsApp group without making everyone hate you.Meta picks India for WhatsApp's first e-commerce service.Iran blocks Whatsapp, Instagram as citizens protest death of Mahsa Amini.Ever suspected bankers could just use WhatsApp comms? $1.8b says you're right.The UK's Financial Conduct Authority (FCA) is set to probe sector workers' use of private messaging services as the watchdog increases scrutiny in line with the US.Īccording to Bloomberg, the FCA has requested information from Citigroup, Deutsche Bank, JPMorgan Chase, and Nomura Holdings, among others, inquiring about the frequency and content of staff exchanges through texting and messaging apps. Authorities in the US and the UK are taking a keen interest in the contents of WhatsApp messages among bank employees and their associates in the financial services industry.
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