Regulation· ★★★· neutral·

FCA Proposes Risk-Based Approach to Tracing Crypto Transactions

  • —FCA sets no universal limit on how far firms must trace transactions
  • —Transfers from unhosted wallets, privacy coins and mixers may warrant enhanced due diligence
  • —Blockchain links to criminal or sanctioned activity require enhanced checks
  • —Repeated failures to provide Travel Rule data must be reported to the FCA
Why it matters: The guidance sets the AML monitoring standard for UK crypto firms before the authorisation regime begins in October 2027.
Source: Finance Magnates Crypto
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