Jason Mansell and Rhys Meggy instructed by Jill Lorimer and Anna Holmes at Kingsley Napley LLP acted for a cryptocurrency firm at an oral hearing before the FCA’s Regulatory Decisions Committee to determine whether the Firm met the statutory requirements for registration under the Money Laundering Regulations 2017.
Having considered the Firm’s written and oral representations the RDC found that the Firm met all necessary requirements. Following recent reforms such decisions will in future be taken by a senior FCA manager not involved in the application. Firms unhappy with the FCA’s decision will still have the right to refer the matter to the Upper Tribunal.
Jason Mansell