fca regulation - crypto firms
Global Regulators are placing a high priority on how best to regulate cryptocurrency and crypto assets, given the exponential increase in investment in these relatively new products.
1st DAC (Digital Asset Consultants) can assist our customers regarding the following:
- The dynamic and increasingly rigorous regulatory and investor compliance demands
- The current and more importantly, future regulatory requirements based on the parallel of our deep experience in correlated markets
- The continuity of compliance when applied to trading in digital assets as they would be for trades in traditional assets
- KYT, KYC, AML, ATF/CTF utilising new software specifically developed to provide pre and post-trade analysis of transactions
- Taxonomy of products to ensure seamless integration with existing risk management systems
- Education and understanding of all digital assets
FCA registration
1st DAC (Digital Asset Consultants) have an in-depth understanding of the FCA’s registration process for crypto firms specifically, we can help with the following.
We can:
- Assist in the risk assessment phase and in identifying risk mitigation measures
- Draft applications to evidence that the proposal has been carefully thought through and that risks have been considered
- Provide advice and training to key individuals to ensure they are aware of applicable legal requirements and their responsibilities
- Develop and implement the required policies, procedures, systems and controls in a manner that is appropriate and proportionate to your business model
- Assist in carrying out the required AML/CTF risk assessments and in the preparation and delivery of staff training and its material