Money laundering: the new crypto business?

– Just 13% of crypto firms that applied for authorisation under the Financial Conduct Authoritys money laundering rules over the past two years have been successful.

– The regulator has received a flood of applications under the Fifth Anti-Money Laundering Directive 5MLD introduced in January 2020, bringing crypto service providers into the rules requiring additional checks on customers and dirty money risks to be monitored.

 

 

?width=749&height=499 Money laundering: the new crypto business?
Money laundering: the new crypto business? 2

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