Today news
About the same in other media
UK’s FCA to spend over $650k to train staff on crypto crimes identification
Reading now: 461
Akin to regulators the world over, the United Kingdom’s Financial Conduct Authority (FCA) has been tightening its grip around the cryptocurrency in a bid to eliminate bad elements. The watchdog is now looking for experts that could train its staff on the identification of criminal activity using cryptocurrencies, according to a tender notice cited by the Telegraph.
The FCA will reportedly be splurging around $671,000 in hiring consultants from a blockchain analytics firm. It is aimed at teaching the agency’s staff on weeding out illegal financial activities such as money laundering and terrorism funding using cryptocurrencies. It will be making use of a third-party company for the provision of these services.
This training initiative is a
Read more on ambcrypto.comAbout this in other media
FCA staff demand bosses reconsider pay overhaul as stress and attrition bite fnlondon.com /2 years ago
KPMG-audited fund reported to FCA for years-long compliance failure in UK arm fnlondon.com /2 years ago
FCA urges lenders to support UK’s 47,000 ‘mortgage prisoners’ theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
