UK Finance Watchdog Recruiting Crypto Experts To Circumvent Money Laundering and Terrorism: Report

UK Finance Watchdog Recruiting Crypto Experts To Circumvent Money Laundering and Terrorism: Report


A financial regulator in the United Kingdom is looking for crypto experts to assist in identifying illegal activities.

The Financial Conduct Authority (FCA) recently published a tender notice seeking consultants to access a blockchain analytics platform to help counter money laundering and terrorism.

“Under these regulations in scope crypto-asset firms are required to establish and maintain policies, controls and procedures to mitigate and manage effectively the risks of money laundering and terrorist financing.”

Trending: BREAKING: Fully-Vaccinated LeBron James Tests Positive For COVID-19

The FCA is seeking a third-party firm specializing in blockchain data analysis to work under the financial regulatory body.

“As the supervisor of in scope crypto-asset activity in the UK, the FCA requires access to specialist services to support the analysis of crypto-asset blockchain data. 

The FCA is seeking the services of

Continue reading

You Might Like

 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Thanks for sharing!
Send this to a friend