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300 UK crypto firms investigated by FCA last year: Executive Director says the data shows how prevalent scams can be 

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NEWS: France, Ireland and Latvia called out by EU for AML failures

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NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

By Alisha Houlihan for AMLi

The Financial Conduct Authority (FCA) opened 300 investigations into unauthorised cryptocurrency operators in six months last year and the agency is investigating 50 unauthorised businesses in the United Kingdom. 

According to the FCA, hundreds of investigations opened during the six months last year involved scams, while digital asset frauds reported to its anti-scam website increased by half.  

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Premium

NEWS: France, Ireland and Latvia called out by EU for AML failures

 Premium

NEWS: PEPs law make politicians, families ‘guilty until proven innocent’ MPs claim in Ireland’s parliament

INSIGHT: New AML rules will change the EU’s financial crime prevention landscape for good. But what will change in practice?

Regulatory Watch News

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