Reading Time: 2 minutes The FCA has more than doubled the number of companies who need to file financial crime reports every year The expansion of the REP-CRIM now includes cryptocurrency exchange providers and custodian wallet providers The move comes as part of the UK’s efforts to implement AMLD5 regulations The UK’s financial watchdog, the Financial Conduct Authority (FCA), has expanded the number of companies required to file an annual financial crime report to include cryptocurrency firms. The number of firms now required to file a REP-CRIM has risen from approximately 2,500 to approximately 7,000, with the report intended to provide the FCA with
The post FCA Demands Crypto Firms File Financial Crime Reports appeared first on FullyCrypto.
Read More