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FCA confirms crypto-AML requirements

FCA has formally confirmed that it has, as of 10 January, become the AML/CTF supervisor of businesses carrying on certain crypto-asset activities that now fall under the MLRs.  It reminds market participants that no new business can start relevant activities before it is registered, and says that existing business, which must be registered by January 2021 essentially have until June 2020 to make their applications to be sure to meet the deadline.  It has also published a guide on the information it will require from registrants.

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Emma Radmore