Anti-Financial Crime & Financial Crime Compliance
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AML, Compliance, Crypto, EU/Europe

NEWS: Only crypto firms complying with AML safeguards allowed advertise in UK; breaches could lead to two-year jail term

BRITAIN’S financial watchdog warned crypto businesses on Monday to get ready for a rule change on advertising later in the year, warning that any breaches by company officials could mean up to two years in prison.

“All cryptoasset firms marketing to UK consumers, including firms based overseas, will soon need to comply with the new UK financial promotions regime,” the FCA said in a statement today (Monday).

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