LCC Trans-Sending Limited agrees not to take on new customers, funds or agents

Payment services firm LCC Trans-Sending Limited (LCC) has agreed that it will not onboard new customers, following action from the UK Financial Conduct Authority (FCA).

On 10 June 2024, LCC closed to new business and stopped accepting funds from customers.

To make sure customers are protected, the FCA invited LCC to sign a formal agreement about this. On 13 June 2024, LCC signed an undertaking that it will not:

  • on-board new customers
  • on-board or register new agents
  • accept new funds from existing customers.

LCC Trans-Sending Limited (LCC) trades as:

  • Small World Money Transfer
  • Small World Financial Services
  • Express Funds
  • Global Link
  • Bayba (UK).

If you have money with LCC or with one of LCC’s agents and have trouble accessing your funds, contact the firm directly.

LCC is authorised and regulated by the FCA to provide payment services, specifically money remittance services, under the Payment Services Regulations 2017 (PSRs). LCC is also supervised by His Majesty’s Revenue and Customs (HMRC) for money laundering purposes.