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Crypto firms not meeting AML standards, says UK minister By Cointelegraph

Crypto firms not meeting AML requirements, says UK minister

Cryptocurrency companies within the United Kingdom have been struggling to fulfill Anti-Money Laundering requirements set by the Financial Conduct Authority, in line with a senior official.

John Glen, a member of U.Okay. Parliament and the financial secretary to the Treasury, identified main difficulties within the strategy of registering crypto firms underneath the FCA’s AML rules in official feedback on Friday.