The United Kingdom’s financial regulator and watchdog has urged bank CEOs to follow good practices to lessen the risk of financial crimes brought on by the abuse of cryptocurrencies. In a letter [PDF] addressed to domestic bank CEOs, the UK’s Financial Conduct Authority (FCA) specifically urged financial institutions to ramp up their scrutiny of clients
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Source: CCN.com
Original Post: UK Financial Watchdog Tells Banks to ‘Enhance Scrutiny’ on Crypto Clients
