UK to allocate $676M and 500 officers to fight money laundering
- —$676 million allocated to fight money laundering
- —500 new officers to be hired
- —Crypto named a threat driver alongside fintech and AI
- —NCA estimates damage at £100 billion per year
Why it matters: Increased oversight of crypto transactions in the UK raises compliance burdens for exchanges and service providers.
Source: Decrypt
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