UK to allocate £500M and 500 agents to fight crypto money laundering
- —£500 million over three years and 500 new agents in police, NCA, and CPS
- —Funding from the Economic Crime Levy for companies with revenue from £10.2 million
- —Operation Destabilise: 119 arrests and £25 million seized in fiat and crypto
- —According to NCA estimates, over £100 billion is laundered through the UK annually
Why it matters: Tighter oversight of crypto flows in the UK raises risks for illegal services and mixers, but also tightens compliance for legitimate crypto companies.
Source: Journal du Coin