Regulating cryptoassets may be harder than FCA expects

Table of contents

• Traditional AML frameworks and their application to cryptoassets
• Centralised exchanges and MLD5
• Can it really be this easy?
• Weak links in the global regulatory chain
• Enforcing compliance
• Too little, too late?

Article summary

Law360, Expert Analysis: On 6 March 2020, Therese Chambers, director of retail and regulatory investigations at the Financial Conduct Authority (FCA), gave a speech at a conference on the advancement of digital assets and financial crime risk at the New York University School of Law about tackling financial crime and imposing anti-money laundering (AML) regulation on the emerging market for cryptoassets.