In its consultation paper on the Financial Crime Guide, the UK Financial Conduct Authority (FCA) has set out examples of “good practice” and “poor practice” in wallet screening and blockchain analytics for crypto firms to refer to.
These examples come as crypto firms prepare for broader regulation. For practitioners, the consultation offers operational benchmarks to compare against, rather than merely setting out principles; it remains a draft for consultation and has not yet become final rules.
These examples come as crypto firms prepare for broader regulation. For practitioners, the consultation offers operational benchmarks to compare against, rather than merely setting out principles; it remains a draft for consultation and has not yet become final rules.