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Crypto Asset Businesses Now Have To Submit Financial Crime Report: FCA Watch Dog
British financial regulator Financial Conduct Authority has published a new policy statement: from now on, crypto companies will be included in the category of businesses referred to as "REP-CRIM."
British financial regulator Financial Conduct Authority has published a new policy statement: from now on, crypto companies will be included in the category of businesses referred to as "REP-CRIM."
The policy of the regulator has changed as it is compelling businesses that work with digital assets to submit financial crime reports to help the FCA assess potential money laundering risks.