The Financial Conduct Authority (FCA) opened 52 investigations into cryptocurrency businesses in the year ended 30 June 2020.
City law firm RPC warned this is just “the tip of the iceberg”.
The firm expects the FCA’s lack of resources may be restricting the number of investigations the regulatory body is able to carry out.
Sam Tate, partner and head of white-collar crime at RPC, said: “If the FCA has hit saturation point now and can only deal with 5...
Start a free trial now for access to breaking news and cutting edge analysis of the wealth management industry.
You are currently not logged in,
login to view the full article
start by clicking this button.
Need a subscription,
fill out the form here or
contact subs@thewealthnet.com
PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.
Read more about PAM
