Information on cryptoasset firms -January 2025

FOI Release Date of Release:

Reference Case Number: FOI11909

Freedom of Information: Right to know request:

  1. In how many instances did the FCA use the Skilled Person Review – Regulation 74B of the MLRs to appoint, or require the cryptoasset business to appoint, a skilled person to prepare a report for the FCA concerning a matter under the MLRs in 2020, 2021, 2022, 2023 & 2024?

  2. In how many instances did the FCA use the Power of Direction - Regulation 74C of the MLRs to give a direction (which is similar to the requirement power under section 55L(3) of FSMA) to a business before, on or after registration to a business for the purpose of:

    1. Remedying a failure to comply with the MLRs.
    2. Preventing a failure to comply or continued non-compliance under the MLRs.
    3. Preventing business from being used for ML/TFin 2020, 2021, 2022, 2023 & 2024. 

    Responses are in the links below.

More information

Freedom of Information (3151)