Financial Crime Financial Crime

Small UK cryptoasset businesses to feel regulatory pressure as FCA widens money laundering net

By Annie Robertson and Fiona Maxwell
  • 24 Aug 2020 11:45
  • 24 Aug 2020 11:45
Small UK cryptoasset and payments businesses could be compelled to provide their annual financial-crime reports to the Financial Crime Authority, as part of a proposed new crackdown against money laundering.
In an extension to rules for larger companies, certain smaller players in the financial sector would soon be required to satisfy

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Fiona Maxwell

Senior Correspondent


Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.

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