PANews reported on September 5th that, according to Decrypt, this week, the UK Treasury released draft proposals for amendments to current anti-money laundering regulations, aimed at filling gaps and addressing evolving risks, including stricter requirements for cryptocurrency businesses. The draft document stated: "This update aims to build a more risk-oriented, proportional, and robust system to resist financial crime, while ensuring that the system is practical for the industry. The government also pledged to improve industry guidance on anti-money laundering/counter-terrorist financing (AML/CTF) compliance across a range of issues and to issue separate guidance on the use of digital identity verification for AML/CTF purposes." The new draft proposes a number of changes for cryptocurrency companies. The UK Financial Conduct Authority will implement a broader "fit and proper person" test for company controllers, replacing the current beneficial owner test to ensure that supervision can cover complex ownership structures. Other provisions will reduce the threshold for notification of changes in control from 25% to 10%, consistent with the Financial Services and Markets Act (FSMA) system. This means that any party that acquires 10% or more of the shares or has significant influence must notify the UK Financial Conduct Authority. In addition, the draft also covers revisions to customer due diligence, trust registration, agency bank restrictions, and technical updates such as converting the threshold amount from euros to pounds. The UK Treasury is soliciting feedback on the draft, with the deadline being September 30, after which the regulations will be finalized in early 2026 and submitted to Parliament for review.PANews reported on September 5th that, according to Decrypt, this week, the UK Treasury released draft proposals for amendments to current anti-money laundering regulations, aimed at filling gaps and addressing evolving risks, including stricter requirements for cryptocurrency businesses. The draft document stated: "This update aims to build a more risk-oriented, proportional, and robust system to resist financial crime, while ensuring that the system is practical for the industry. The government also pledged to improve industry guidance on anti-money laundering/counter-terrorist financing (AML/CTF) compliance across a range of issues and to issue separate guidance on the use of digital identity verification for AML/CTF purposes." The new draft proposes a number of changes for cryptocurrency companies. The UK Financial Conduct Authority will implement a broader "fit and proper person" test for company controllers, replacing the current beneficial owner test to ensure that supervision can cover complex ownership structures. Other provisions will reduce the threshold for notification of changes in control from 25% to 10%, consistent with the Financial Services and Markets Act (FSMA) system. This means that any party that acquires 10% or more of the shares or has significant influence must notify the UK Financial Conduct Authority. In addition, the draft also covers revisions to customer due diligence, trust registration, agency bank restrictions, and technical updates such as converting the threshold amount from euros to pounds. The UK Treasury is soliciting feedback on the draft, with the deadline being September 30, after which the regulations will be finalized in early 2026 and submitted to Parliament for review.
UK regulator drafts new anti-money laundering rules for crypto firms
Per feedback o dubbi su questo contenuto, contattateci all'indirizzo crypto.news@mexc.com.
PANews reported on September 5th that, according to Decrypt, this week, the UK Treasury released draft proposals for amendments to current anti-money laundering regulations, aimed at filling gaps and addressing evolving risks, including stricter requirements for cryptocurrency businesses. The draft document stated: "This update aims to build a more risk-oriented, proportional, and robust system to resist financial crime, while ensuring that the system is practical for the industry. The government also pledged to improve industry guidance on anti-money laundering/counter-terrorist financing (AML/CTF) compliance across a range of issues and to issue separate guidance on the use of digital identity verification for AML/CTF purposes."
The new draft proposes a number of changes for cryptocurrency companies. The UK Financial Conduct Authority will implement a broader "fit and proper person" test for company controllers, replacing the current beneficial owner test to ensure that supervision can cover complex ownership structures. Other provisions will reduce the threshold for notification of changes in control from 25% to 10%, consistent with the Financial Services and Markets Act (FSMA) system. This means that any party that acquires 10% or more of the shares or has significant influence must notify the UK Financial Conduct Authority. In addition, the draft also covers revisions to customer due diligence, trust registration, agency bank restrictions, and technical updates such as converting the threshold amount from euros to pounds. The UK Treasury is soliciting feedback on the draft, with the deadline being September 30, after which the regulations will be finalized in early 2026 and submitted to Parliament for review.
Opportunità di mercato
Valore Moonveil (MORE)
$0.0001638
$0.0001638$0.0001638
USD
Grafico dei prezzi in tempo reale di Moonveil (MORE)
Disclaimer: gli articoli ripubblicati su questo sito provengono da piattaforme pubbliche e sono forniti esclusivamente a scopo informativo. Non riflettono necessariamente le opinioni di MEXC. Tutti i diritti rimangono agli autori originali. Se ritieni che un contenuto violi i diritti di terze parti, contatta crypto.news@mexc.com per la rimozione. MEXC non fornisce alcuna garanzia in merito all'accuratezza, completezza o tempestività del contenuto e non è responsabile per eventuali azioni intraprese sulla base delle informazioni fornite. Il contenuto non costituisce consulenza finanziaria, legale o professionale di altro tipo, né deve essere considerato una raccomandazione o un'approvazione da parte di MEXC.
Potrebbe anche piacerti
Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny
The post Shocking OpenVPP Partnership Claim Draws Urgent Scrutiny appeared on BitcoinEthereumNews.com. The cryptocurrency world is buzzing with a recent controversy surrounding a bold OpenVPP partnership claim. This week, OpenVPP (OVPP) announced what it presented as a significant collaboration with the U.S. government in the innovative field of energy tokenization. However, this claim quickly drew the sharp eye of on-chain analyst ZachXBT, who highlighted a swift and official rebuttal that has sent ripples through the digital asset community. What Sparked the OpenVPP Partnership Claim Controversy? The core of the issue revolves around OpenVPP’s assertion of a U.S. government partnership. This kind of collaboration would typically be a monumental endorsement for any private cryptocurrency project, especially given the current regulatory climate. Such a partnership could signify a new era of mainstream adoption and legitimacy for energy tokenization initiatives. OpenVPP initially claimed cooperation with the U.S. government. This alleged partnership was said to be in the domain of energy tokenization. The announcement generated considerable interest and discussion online. ZachXBT, known for his diligent on-chain investigations, was quick to flag the development. He brought attention to the fact that U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce had directly addressed the OpenVPP partnership claim. Her response, delivered within hours, was unequivocal and starkly contradicted OpenVPP’s narrative. How Did Regulatory Authorities Respond to the OpenVPP Partnership Claim? Commissioner Hester Peirce’s statement was a crucial turning point in this unfolding story. She clearly stated that the SEC, as an agency, does not engage in partnerships with private cryptocurrency projects. This response effectively dismantled the credibility of OpenVPP’s initial announcement regarding their supposed government collaboration. Peirce’s swift clarification underscores a fundamental principle of regulatory bodies: maintaining impartiality and avoiding endorsements of private entities. Her statement serves as a vital reminder to the crypto community about the official stance of government agencies concerning private ventures. Moreover, ZachXBT’s analysis…
Condividi
BitcoinEthereumNews2025/09/18 02:13
When the Middle East burns, the Filipino nanay feels the heat
(Part 1 of 2) On Feb. 28, the world watched as the US-Israel coalition launched coordinated airstrikes on Iranian nuclear and military infrastructure, which also
Condividi
Bworldonline2026/03/16 00:03
The Hidden Costs of a Smart Home: How to Calculate Your Real Electricity Usage
You just finished setting up your smart home. The lights respond to your voice. The thermostat adjusts itself. The security cameras check in every few minutes.
Condividi
Techbullion2026/03/16 02:35