UK Treasury releases draft amendments to anti-money laundering regulations covering crypto company regulation

According to Foresight News, according to Decrypt, the UK Ministry of Finance issued a draft amendment to anti-money laundering regulations, which puts more stringent requirements for crypto companies. The Financial Conduct Authority will implement a wider range of "proper candidates" tests on the company's controllers, replacing the current beneficial owner test; other terms will reduce the threshold for notification of changes in control from 25% to 10%, and any party who acquires 10% or more equity or has significant influence must notify the Financial Conduct Authority. The UK Treasury is soliciting feedback on the draft, with a deadline of September 30, and the regulations will be finalized in early 2026 and submitted to Parliament for consideration.
Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.