UK: FCA PUBLISHES CRYPTOASSET AML/CFT WEBPAGE

On 1st November, Katten published a briefing saying that the FCA had published a new webpage setting out important information for UK cryptoasset businesses in the context of AML/CFT.  The FCA will be the AML/CFT regulator for certain cryptoasset activities starting January 10th.  All existing UK businesses in scope of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 which currently conduct any of such cryptoasset activities must be registered with the FCA by January 20th 2021 in order to continue trading; and from January 10th 2020, UK businesses involved in these cryptoasset activities must comply with the Regulations.

https://www.corporatefinancialweeklydigest.com/2019/11/articles/uk-developments/fca-publishes-cryptoasset-aml-cft-webpage/#page=1

The webpage is at –

https://www.fca.org.uk/firms/financial-crime/cryptoassets-aml-ctf-regime

This blog is primarily for my own use, to keep informed and up to date. However, if you would like to say thank you (and perhaps help me get a new, better laptop when I am away…) you can “buy me a coffee” at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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