AML deadline prompts FCA to warn crypto firms

Regulator says firms must not mislead customers about regulatory status

crypto-coins

The Financial Conduct Authority has issued a warning to crypto-asset businesses, telling them not to mislead customers about their regulatory status when it takes on the role of anti-money laundering (AML) supervisor next year.

In a document published on October 30, the FCA sets out key information for crypto-asset businesses on how to register with the regulator when its list of responsibilities expands on January 10, 2020.

The extension of its remit coincides with the European Union’s Fifth

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