Financial Crime Working Group

The CryptoUK Financial Crime Working Group is dedicated to addressing key financial crime challenges and opportunities within the crypto industry. Through regular discussions, the group explores best practices, regulatory compliance, and risk mitigation strategies, potentially forming sub-groups to tackle specific issues. Key focus areas include sanctions compliance, KYC processes, blockchain investigations, governance, transaction monitoring, and data quality. By fostering collaboration and industry alignment, the group aims to enhance financial crime prevention and build trust in the evolving digital asset ecosystem.

Enhance Sanctions Compliance & Screening

Develop and share best practices for effective sanctions monitoring and risk mitigation.

Optimise Customer Onboarding & KYC Processes

Identify common challenges and standardise industry solutions for robust KYC and due diligence.

Improve Blockchain Alert Investigations

Establish clear frameworks for investigating blockchain-based financial crime alerts.

Strengthen Financial Crime Governance

Promote governance best practices to ensure compliance and risk oversight within firms.

Refine Transaction Monitoring Frameworks

Advance monitoring methodologies to detect suspicious activities effectively.

Enhance Data Quality & Integrity

Develop standards for data accuracy and completeness to support financial crime prevention.

Encourage Industry Collaboration

Facilitate knowledge-sharing and coordinated responses to emerging financial crime threats.

Support Regulatory Alignment

Engage with policymakers to help shape effective, balanced regulations for crypto-related financial crime compliance.

Drive Innovation in Risk Mitigation

Explore new technologies and methodologies to enhance financial crime detection and prevention.

Ready to participate?

CryptoUK’s Financial Crime Working Group brings together industry leaders to collaborate with regulators, law enforcement, and policymakers on developing robust compliance standards and best practices. As a member, you’ll contribute to shaping policies that enhance security, transparency, and trust in the UK’s crypto and digital asset sector. Enquire about joining the working group and help drive responsible innovation in financial crime prevention.