'The Financial Conduct Authority is the conduct regulator for 56,000 financial services firms and financial markets in the UK and the prudential regulator for over 18,000 of those firms. '
The PR by the company says the European Financial Conduct Authority
That is not a real thing.
'if they are unlicensed it would constitute fraud and I would think there could be criminal charges. '
You don't need a license to write a financial guarantee in Europe.