Crypto privacy tools are making it harder for U.K. authorities to combat money launderers and sanctions evaders, say lawyers who warn it bodes ill for the Financial Conduct Authority's new crypto regime.
Crypto privacy tools are making it harder for U.K. authorities to combat money launderers and sanctions evaders, say lawyers who warn it bodes ill for the Financial Conduct Authority's new crypto regime.
The Bank of England proposed guidance on Thursday on how clearing houses can accept digital tokens representing assets, such as cash or government bonds, as security against potential losses.
The Financial Conduct Authority said Thursday that cryptocurrency exchange HTX has agreed to exit the U.K. market following a landmark High Court claim over its allegedly unlawful marketing of crypto assets to consumers in Britain.
A Frasers Group unit lost its bid to overturn assessments that it owed value-added tax of £5.6 million ($7.4 million) when a London court ruled that the company's marketing photos were linked to taxable retail sales and consumer credit.
Two directors of an investment firm have denied running a £55 million ($75 million) invoice fraud, telling a London court that the claim against them is based on missing documents and flawed calculations.
The Financial Reporting Council said on Thursday that it has finalized rules to strengthen the assessments by auditors of whether the companies they assess are complying with laws and regulations, including those governing fraud, bribery, and money laundering.
The parliamentary Treasury Committee asked HM Treasury and the Financial Conduct Authority on Thursday to investigate whether confidential details of the government's planned bank tax increase were improperly disclosed before the Budget speech on Wednesday.
The European Union's pensions and insurance watchdog on Thursday said persistent geopolitical tensions remain the key source of financial risk for retirement savings schemes across the bloc.
