UK regulator consults on financial crime reporting by smaller firms

Peter Binning (+44 (0)20 7353 6000, pb@corkerbinning.com) is a partner at Corker Binning.

The Financial Conduct Authority aims to better understand financial crime exposure in UK financial services by extending reporting obligations to more firms, including cryptoasset exchanges and wallet providers. Peter Binning of Corker Binning examines the proposals and their likely impact.