The Financial Conduct Authority (FCA) has formalised its guidance for cryptoasset firms seeking to register with the FCA under its AML/CTF regime.

Firms that intend to provide cryptoasset services that fall within the scope of the Money Laundering Regulations 2017 are required to register with the FCA first.

The FCA guidance covers:

  • Which firms are required to apply for registration;
  • How to apply for registration;
  • Requesting a pre-application meeting;
  • Tips on applications; and
  • The FCA’s fit and proper assessments.

UK firms intending to provide cryptoasset services should view the FCA guidance prior to submitting their registration application to the regulator.

Read our paper on demystifying the cryptoasset service provider registration process here: https://www.plenitudeconsulting.com/demystifying-the-crypto-asset-service-provider-registration-proces/

If you have furthers questions about the registration process, Plenitude’s Digital Assets Practice can help. Visit our website for more information: https://www.plenitudeconsulting.com/what-we-do/digital-asset-advisory-and-transformation-services/

https://www.fca.org.uk/firms/cryptoassets-aml-ctf-regime/registering

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