FCA proposes bringing crypto-asset exchanges into reporting rules
Released 03 September 2020
The Financial Conduct Authority (FCA) is considering proposals which will require more firms to make annual reports of their financial crime suspicions, including crypto-asset exchanges and any firm that holds client money or assets.
Details of the proposals are set out in the FCA consultation paper entitled Extension of Annual Financial Crime Reporting Obligation (CP 20/17).
The consultation runs until 23 November 2020.
For further details, see the STEP news story at https://www.step.org/industry-news/fca-proposes-bringing-crypto-asset-exchanges-reporting-rules.
The consultation document can be found at Extension of Annual Financial Crime Reporting Obligation.