Regulation
Crypto Laundering a 'Material Risk' for UK Ahead of FATF Review: RUSI
A taskforce convened by think tank RUSI says crypto is a material risk for the UK ahead of its 2027 Financial Action Task Force evaluation. The UK's full crypto regime takes effect in October 2027, after assessors from the global anti-money laundering standard-setter are due to visit in June. Members warned that UK rules could push the riskiest crypto outside the regulator's reach and onto law enforcement. Britain's new crypto rules will still be in transition when global anti-money laundering assessors arrive next year, and the country will be judged on whether it can enforce against crypto laundering, a taskforce...
Decrypt9 min read
