Dinosaur Merchant Bank Limited
London, United Kingdom
The UK Financial Conduct Authority imposed a £338,000 penalty on Dinosaur Merchant Bank Limited on March 24, 2026, for market abuse and systems and controls failures. The firm falls under the FCA's electronic money and payment institutions category. No suspension of the firm's license was reported, but the fine reflects regulatory concerns about operational controls. The action is part of the FCA's broader 2026 enforcement agenda targeting firms in the payments and e-money space.
Verified from source: The FCA fined Dinosaur Merchant Bank Limited £338,000 for breaches of the Market Abuse Regulation, PRIN 3 and associated SYSC rules relating to a lack of systems and controls to prevent and detect market abuse in the trading sector.
- Signals FCA willingness to fine firms in the EMI/payments category for systems failures, relevant to BaaS providers operating in the UK
- May encourage enhanced compliance frameworks among UK-based payment institutions and their fintech partners
- OfficialFCA 2026 Fines