In brief
- The FCA, HMRC and the Metropolitan Police visited three London premises on September 10.
- Cease and desist letters were issued at all three, ordering suspected illegal businesses to stop.
- The FCA says no peer-to-peer crypto business is registered with it anywhere in Britain.
The UK’s Financial Conduct Authority has run a second round of operations against peer-to-peer crypto traders in London, issuing cease and desist letters at three premises alongside HM Revenue & Customs and the Metropolitan Police.
The action took place on September 10 under the 2017 money laundering regulations, and follows a first sweep in April whose evidence the FCA says is now supporting criminal investigations.
We targeted 3 premises suspected of…
