Digital assets, cryptocurrencies and crypto exchanges are becoming subject to heightened regulatory attention and scrutiny. While the FCA increases its focus on the digital asset and cryptocurrency sector, you can recognise your regulatory responsibilities as an opportunity, not a threat.
At Complyport we have been able to utilise our specialist knowledge of compliance, regulation, and due diligence to offer our support to cryptoasset firms to navigate the increasingly complex regulatory environment.
How Complyport can help
Our experienced team closely monitor the regulatory landscape and help our clients to maintain the highest levels of regulatory compliance. Our crypto assets service offering includes:
- Compliance support in navigating the FCA’s new financial promotion rules for cryptoassets by offering comprehensive regulatory compliance audits, risk assessment services, and tailored guidance on implementing the necessary controls and disclosures.
- Prepare and project manage your firm’s FCA authorisation and registration. This includes including drafting the application and supporting documents such as the Regulatory Business Plan; engaging with the firm and the FCA throughout the application process, drafting and implementing policies and procedures; continuing to provide support post registration such as compliance monitoring.
- Developing and implementing regulatory policies and procedures.
- Providing regulatory guidance to help clients involved in crypto trading understand what regulatory permissions and registrations they require.
- Developing anti-money laundering (AML) and know your customer (KYC) frameworks including the mandatory annual business wide risk assessments which is required under regulations.
Complyport has been able to assist well-known crypto brands to stay ahead of the curve. Contact us for further information on how we can assist you.
If you would like to know more about how we can help you with your operational resilience arrangements or any other regulatory compliance issues, Complyport’s team of experts is here to help.