Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

Compliance News, Crypto, EU/Europe, Financial Services

UK’s FCA warns crypto customers must ensure they are not trading illegally in 2021; passing of ‘temporary registration’ deadline may mean some firms must stop business

THE BRITISH Financial Conduct Authority (FCA) has issued a warning to crypto users, telling them to check whether their firm has completed the necessary registration process.

If they have not done so, the customer should withdraw their funds before 10th January 2021 because they may be trading illegally after that date, the authority said in a statement.

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!