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Anti-Money Laundering Cryptocurrency Financial Conduct Authority (FCA)

WilmerHale

Navigating the Crypto Compliance Minefield: OFSI 2025 Threat Assessment

WilmerHale on

On 21 July 2025, the UK’s Office of Financial Sanctions Implementation (OFSI) published a sector-specific Cryptoassets Threat Assessment (“the Report”), shedding light on the evolving risks and vulnerabilities in the crypto...more

K&L Gates LLP

UK Office for Financial Sanctions Implementation Crypto-Assets Threat Assessment (July 2025): Key Lessons for Sanctions Compliance

K&L Gates LLP on

On 21 July 2025, the UK Office for Financial Sanctions Implementation (OFSI) published its latest sector-specific threat assessment focusing on UK crypto-asset firms’ exposure to financial sanctions breaches, covering...more

BakerHostetler

Weekly Blockchain Blog - March 2025 #3

BakerHostetler on

US Digital Asset Companies Achieve Licenses, Launch Products - According to a recent press release, Ripple, a U.S. digital asset infrastructure provider, announced that it has “received approval from the Dubai Financial...more

A&O Shearman

Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025 laid

A&O Shearman on

The Financial Services and Markets Act 2023 (Digital Securities Sandbox) (Amendment) Regulations 2025 were laid before parliament, together with an explanatory memorandum. The Regulations relate to the Digital Securities...more

Skadden, Arps, Slate, Meagher & Flom LLP

Regulating Cryptoassets: Proposals for Crypto Market Abuse and Admissions & Disclosures Regimes

As part of the UK government’s drive to develop legislation for a UK regulatory regime to govern the cryptoassets sector, on 16 December 2024 the UK Financial Conduct Authority (FCA) published Discussion Paper DP24/4, which...more

BakerHostetler

Weekly Blockchain Blog - August 2024

BakerHostetler on

New Crypto Products Announced, Stablecoin and BTC Data Published - According to a recent press release, OpenEden, a tokenization platform, announced that it is bringing tokenized U.S. Treasury bills to the XRP ledger....more

A&O Shearman

UK Joint Money Laundering Steering Group Proposed Cryptoasset Travel Rule Guidance

A&O Shearman on

The U.K. Joint Money Laundering Steering Group opened a consultation on July 28, 2023 on guidance on the U.K. travel rule for cryptoasset transfers. The Money Laundering and Terrorist Financing (Amendment) (No. 2) Regulations...more

Paul Hastings LLP

The UK’s New “Big Bang” for Crypto Regulation

Paul Hastings LLP on

The UK Government has successfully positioned the UK as a FinTech and Crypto-friendly jurisdiction. At the same time, in a post-Brexit world, UK regulation of the crypto sector has lagged behind developments in the EU where...more

Morgan Lewis - Tech & Sourcing

Sanctions Apply to Cryptoasset Sector Confirm UK Financial Regulatory

On March 11, 2022, the UK Financial Conduct Authority (FCA), the Bank of England, and the Office of Financial Sanctions Implementation (OFSI) released a joint statement reiterating that all UK financial services firms,...more

Hogan Lovells

Global Payments Newsletter, October 2021

Hogan Lovells on

Key developments of interest over the last month include: United Kingdom: HM Treasury responds to Payments Landscape Review call for evidence Hong Kong: HKMA publishes white paper exploring the idea of a CBDC Italy: Bank of...more

WilmerHale

Cryptocurrency update: AML registration and FCA intervention in authorised crypto business

WilmerHale on

Crypto businesses clearly remain high on the Regulator’s agenda. Two developments are of note...more

King & Spalding

Understanding Regulatory Trends: Digital Assets & Anti-Money Laundering

King & Spalding on

As cryptocurrency’s market cap surpasses the $2.5 trillion mark and continues to climb, global regulators have turned their attention to understanding and addressing the risks surrounding digital assets. In recent years,...more

Hogan Lovells

UK FCA reminds crypto firms to register before the end of June

Hogan Lovells on

The UK Financial Conduct Authority (FCA) has reminded crypto businesses to apply for registration by the end of the month to ensure that their applications are processed on time before the January 2021 deadline....more

Hogan Lovells

FCA sets out approach to AML crypto supervision

Hogan Lovells on

A Director of Enforcement at the Financial Conduct Authority (FCA)  has set out some of the key challenges the regulator expects in its new role as AML/CTF (anti-money laundering/counter terrorist financing) supervisor for...more

Skadden, Arps, Slate, Meagher & Flom LLP

Cross-Border Investigations Update - September 2019

This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including a review of the first year of GDPR enforcement, analysis of...more

Orrick - On the Chain

The FCA Reclassifies Cryptoassets, But Is It Moving Away From Its Technology Neutral Approach?

Orrick - On the Chain on

The Financial Conduct Authority (FCA) has released final guidance on cryptoassets in a policy statement that includes feedback from their January consultation paper. It is important to note that the policy statement is of a...more

Katten Muchin Rosenman LLP

Bridging the Week - April 2019 #2

The New York State Department of Financial Services cancelled the temporary authority of a major cryptocurrency exchange to operate in New York, saying its failure to meet anti-money laundering, AML compliance officer quality...more

Perkins Coie

Blockchain Week in Review - November 2018

Perkins Coie on

Upcoming Bitcoin exchange-traded funds (“ETF”) Decisions - On January 4, 2018, NYSE Arca filed a proposed rule change to list 9 Bitcoin ETFs. Subsequently, the time for the Security Exchange Commission (“SEC”) to approve or...more

A&O Shearman

Allen and Overy's weekly update on Key Regulatory Topics - 18 May 2018 – 24 May 2018

A&O Shearman on

BREXIT - EIOPA publishes opinion on the solvency position of insurers and reinsurers post Brexit. On 18 May, EIOPA published an opinion on the solvency position of insurance and reinsurance undertakings in light of the...more

Holland & Knight LLP

Global Regulatory Update for Cryptocurrency and Initial Coin Offerings

Holland & Knight LLP on

• The rapid proliferation of technological advancements in global financial markets has caused regulators in several countries to increase their scrutiny of investments in, and implications of, cryptocurrencies. • This...more

Skadden, Arps, Slate, Meagher & Flom LLP

Cross-Border Investigations Update - November 2017

This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including new U.K. reporting obligations for sanctions violations,...more

Cooley LLP

Blog: International Regulators Take An Interest In Crypto-Currencies & The Blockchain: Regulation Is On Its Way

Cooley LLP on

In the space of less than 24 hours, the UK’s Financial Conduct Authority (FCA), the European Parliament and the Financial Stability Board (FSB), published three documents which demonstrate a keen interest in (a) using; and...more

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