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Breaking the competition law: Three firms fined by UK regulator

Pedestrians pass a Bureau de Change and ATM
Photo: Chris J Ratcliffe/Getty Images

Jean Hurley

3 min read
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The FCA has fined money transfer firms for price fixing exchange rates and transaction charges to customers in Glasgow.

Dollar East (International Travel & Money Transfer) Ltd; Hafiz Bros Travel & Money Transfer Limited; and LCC Trans-Sending Limited (including its parent company, Small World Financial Services Group Limited), trading as Small World, have been fined a combined total of more than £150,000 ($190,000) for breaching competition law.    

The FCA found

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