Tackling the use of cryptoassets to launder the proceeds of crime

The Economic Crime and Corporate Transparency Act 2023

Gary Pons

The growing importance of cryptoassets in the modern financial world is undeniable. Recent research by the Financial Conduct Authority revealed that that 9 per cent of adults in the UK (4.97 million people) owned cryptoassets in August 2022. This is an increase from 2.3 million in 2021. ¹