FINANCIAL CRIME WORKING GROUP

WORKING GROUP CO-CHAIRS

 

Alongside representatives from CryptoUK, the group will also initially be co-chaired by EY. Any additional members who would like to support as additional co-chairs, can nominate themselves when registering for the group. Opportunities to lead agreed workstreams following the initial meeting and objective setting session will also be open to all members to support.

 

ABOUT THIS WORKING GROUP

We are convening a CryptoUK Working Group to look at some of the key issues, challenges and opportunities facing our sector in relation to financial crime.

The group will meet on a regular basis to look at a broad range of topics that relate to financial crime. This may also potentially lead to a number of smaller sub-groups being established to concentrate on some of the areas members of the group identify as being the most relevant and timely.

Some initial areas proposed for discussion in the group are as follows:

  • The pending implementation of the FATF Travel Rule
  • Sanctions compliance and screening
  • Establishing a robust customer onboarding and KYC process – common challenges and solution
  • The blockchain alert investigations process
  • Financial Crime Governance
  • DeFi and DEX financial crime risks and challenges - risk mitigation for the KYC process.
  • Transaction monitoring framework
  • Data quality framework

 

Please click here to express your interest in joining this group.

CONSULTATION RESPONSES & RESOURCES

CryptoUK Responds to Joint Money Laundering Steering Group’s Travel Rule Guidance Consultation

Author: Crypto UK
Date Posted: 10/01/24
Type: Training

Crypto Travel Rule in United Kingdombythe Financial Conduct Authority (FCA)

Author: Notabene
Date Posted: 05/01/24
Type: Training