A UK government report highlighted that crypto firms were among the sectors posing the greatest money laundering risks between 2022-2023. The Financial Conduct Authority labeled crypto firms as high-risk for money laundering, with 30% of the UK watchdog's financial crime experts focusing on crypto businesses during that period.
Report: 30% of UK Watchdog’s Financial Crime Experts Focused on Crypto Businesses in 2022-23 #crypto #cryptocurrency #regulation https://t.co/QD4PXctcRa
CRYPTO IDENTIFIED AS A TOP RISK FOR MONEY LAUNDERING IN THE UK: FCA The UK Financial Conduct Authority’s report on AML assessed 238 firms and labeled crypto firms as high-risk for money laundering. Source: CoinDesk https://t.co/nfS0B01H0l
This is an opportunity to revisit and reinforce anti-money laundering frameworks, ensuring they are robust and agile enough to navigate the evolving risks presented by cryptocurrencies. Read more in this @CoinDesk article by @camomileshumba https://t.co/7VyzWqIYHI
📣 Latest News: Crypto firms among ‘greatest risks' for money laundering in 2022-2023: UK govt #news #cryptonews #crypto
A UK government report said that crypto firms were one of the sectors that posed the greatest money laundering risks between 2022-2023. https://t.co/za3V5e091A
#WorthReading Crypto Was One of the Biggest Money Laundering Risks in 2022-2023: UK Govt. Report https://t.co/ydvHpTH9eo #WorthReading
A UK government report said that crypto firms were one of the sectors that posed the greatest money laundering risks between 2022-2023. @camomileshumba reports. https://t.co/NJJcKqCHFW