‘Significant’ numbers of crypto firms have not met UK’s AML standards and/or withdrawn their applications to operate in Britain - AML Intelligence
Compliance & Anti-Financial Crime
Leadership | Insight | Network

AML, Analysis, Banking, Crypto, EU/Europe

‘Significant’ numbers of crypto firms have not met UK’s AML standards and/or withdrawn their applications to operate in Britain

By Dan Byrne for AMLi

Many crypto firms have withdrawn their applications to operate in the United Kingdom after being told their AML standards were sub-par, according to the country’s Financial Conduct Authority (FCA).

In addition, several firms have been publicly flagged as ‘operating without registration’ within Britain’s borders, with consumers previously having been warned not to do business with them, given the risk of losing their investments.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!