Source · Select Committees · Treasury Committee
Recommendation 46
46
Paragraph: 203
The Government should set out in the Economic Crime Plan its intention that all cryptoasset...
Recommendation
The Government should set out in the Economic Crime Plan its intention that all cryptoasset firms should be registered for anti-money laundering (AML) purposes. This has not yet been achieved. It is unacceptable that, having introduced AML regulations for cryptoasset firms in 2020, there are so many firms which have not yet been registered. Large numbers have not even applied for registration, and it is not clear what sanction they face.
Paragraph Reference:
203
Government Response
A response document is linked to this report, dated 28 April 2022. Response attribution to this recommendation has not been verified. Read the response document ↗