There continues to be questions and debate about how and what crypto assets and DLT should be regulated, and given the virtual, international and cross border nature of crypto assets this is an extremely complex topic. 

Some firms are regulated because their wider business activities bring them into the scope of FCA regulation, whereas others invite regulation because of the market kudos and respectability it brings. Come 2019, all firms are going to face regulation with the implementation of the Fifth Money Laundering Directive (5MLD), which will demand a new range of controls, policies and procedures. 

With a dedicated Cryptocurrency team, we are well positioned to help you navigate the regulatory environment and prepare for the changes and additional obligations that increased regulation brings. Not only do we have in-depth knowledge of the regulations and emerging issues, but we know a great deal about e-Money and Financial Crime, so can help you:

  • Understand when and how your business needs to be regulated by the FCA - see our guide 'Cryptocurrency: an insight into regulation'

  • Prepare and manage your FCA application

  • Develop and implement the systems, controls, policies and procedures required of a regulated firm

  • Keep up to speed with regulatory developments with our board briefings

  • Train executives/board members to understand regulation and their Approved Person responsibilities

  • Develop your financial crime risk framework and carry out the mandatory annual independent risk assessment that is required by 4MLD and will be necessary under 5MLD

  • Clients enjoy the use of our RegTech resources, including our client portal and e-learning platform, to support compliance management and training

We’ve already helped a number of well-known crypto brands stay ahead in the race to market and can use our market-leading experience to help you.

 

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The exceptional client outcomes and service experiences we deliver are the result of a diverse and inclusive team that set high standards, pull together to make it happen and never settle for the status quo. 

 

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Their approach and organisation simplified a complicated process and saved us a huge amount of time, equally offering us peace of mind from their long-held experience and professionalism. I would have no hesitation in recommending Compliancy Services to anyone who requires this kind of support.”

Mike King
Grange Services