FCA outlines crypto crime controls and travel rule expectations

Community Trust Score Verified 89 % Real Verified 9 votes Updated 1 minute ago The Financial Conduct Authority (FCA) has opened a consultation on updated guidance for its Financial Crime Guide, providing crypto businesses with a detailed outline of the supervisory controls expected under the UK’s expanding regulatory regime. The consultation, which began on October 23, proposes changes covering cryptoassets alongside fraud, sanctions, data security, and money laundering. Responses are due by December 24. The proposals apply to the FCA’s financial crime supervisory population, which includes cryptoasset businesses and firms overseen under the Money Laundering Regulations.

Source: The Currency Analytics