UK Treasury warns of money laundering risks via cryptocurrencyIn the department’s latest report, experts indicate that from 2022 to 2023, cryptocurrency, banking, and asset management created the greatest risks associated with money laundering.
The document “Anti-money laundering and counter-terrorist financing” states that during the specified reporting period, the U.K. Financial Conduct Authority (FCA) employed more than 50 financial crime specialists who examined the activities of 238 firms. Approximately one-third were involved in overseeing the activities of crypto firms.
