FATF evaluators will visit the United Kingdom in June 2027 to assess the country’s fight against crypto-related money laundering, four months before the Financial Conduct Authority’s mandatory regime takes effect on October 25, 2027. The City of London Police says digital assets are involved in 66% of investment fraud, with losses of £649 million in 2024, while the national risk assessment raised crypto money laundering from medium to high. RUSI argues that the framework, which is close to the EU’s MiCA regulation, leaves Tether and decentralized finance outside its reach, even though 93% of jurisdictions reviewed still do not apply FATF standards to the DeFi platforms concerned. The seizure of about £5 billion in bitcoin in the Zhimin Qian case demonstrates the strength of the UK justice system, but this isolated operation will not offset implementation, resource and enforcement gaps.
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