United Kingdom
Working Group: Finance - AML
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
Regulation URL/Source: https://www.legislation.gov.uk/uksi/2019/1511/contents/made