Compliance & Anti-Financial Crime
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Compliance, Crypto

UK’s FCA Chief reveals a massive 90% of Crypto exchanges have withdrawn or been refused FCA approval because of ‘link’ to money laundering ‘being propagated’

By Elizabeth Hearst for AMLi

The UK’s Financial Conduct Authority is deliberately taking longer to approve applications from FinTech and Crypto, as the FCA takes a more “inquisitive” stance. 

Speaking to the UK Treasury Committee, FCA Chief Executive Nikhil Rathi revealed the body was taking longer to process applications to screen for potential bad actors. 

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