The Financial Conduct Authority is consulting on updates to its financial crime guide, covering cryptoassets, fraud, sanctions, data security and money laundering. The proposals detail the regulator’s expectations for customer due diligence, transaction monitoring, blockchain analytics and the Travel Rule. Firms must embed these tools into working control systems, with defined thresholds, reviewed alerts and documented decisions. Responses to the consultation are due on December 24, while the wider cryptoasset regulatory regime is expected to begin on October 25, 2027, with the guidance itself creating no new requirements.
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Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
