United Kingdom

Working Group: Finance - AML

Country: United Kingdom

Government Body: Joint

Key Issue: Financial Surveillance

Type of Action: Regulation

Status: In Force

Next Steps: N/A

Summary: HM Treasury and Financial Conduct Authority (FCA) regulations implemented the Fifth Money Laundering Directive (5MLD) through amending the UK’s Money Laundering Regulations (MLRs), designating the FCA as the AML supervisor for specific cryptoasset activities. The FCA’s AML regime extends to specific activities, such as exchange, custody, ICOs, and crypto-ATMs.

Date: 10 January 2020