Controversies
Controversies tied to this brand in public sources. A listing is not a finding of fault.
Back to profile2 entries
2007
First Solution remittance collapse
The company entered liquidation after abruptly closing, reportedly owing approximately £1.7 million to nearly £2 million to members of the public. The collapse affected many customers from Bangladesh's Sylhet region and triggered police, government, and regulatory investigations.
2007
Questions over licensing and financial safeguards
Public disagreement over whether the company had appropriate Bangladesh Bank authorization, combined with limited accounting disclosure and uncertainty about the use of customer funds, intensified concerns about oversight of UK-to-Bangladesh remittance providers.