Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, Crypto, Financial Crime, News, UK

BREAKING: UK regulator cracks down on illicit London crypto ATMs

LEVY: The UK government has announced a levy on financial institutions to fight economic crime.

By Elizabeth Howcroft

Britain’s markets regulator and police have swooped on suspected illegal crypto cashpoints (ATMs) across east London as authorities step up attempts to disrupt unregistered businesses deemed high risk for consumers.

The Financial Conduct Authority (FCA), which last month launched a similar crackdown in the northern English city of Leeds, said on Wednesday it was reviewing evidence gathered from “a number of sites” and might take further action.

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!