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A financial regulator in the UK is looking for crypto experts to help identify illegal activity.

The Financial Conduct Authority (FCA) recently published a tender notice asking consultants to access a blockchain analytics platform to help fight money laundering and terrorism.

“Under these current regulations, crypto-asset companies are required to establish and maintain policies, controls and procedures to effectively mitigate and manage the risks of money laundering and terrorist financing.”

FCA is looking for a third-party company specializing in blockchain data analysis to work under the authority of the financial regulator.

“As the supervisor of crypto-asset activity in the UK scope, the FCA needs access to specialist services to support the analysis of crypto-blockchain data. active.

FCA is seeking the services of a third-party company specializing in this area that can provide access to a platform that can support robust and efficient analysis of crypto-asset blockchain data and provide training and ongoing support. to the use of this platform. “

Specifically, FCA is looking for a company that can oversee, analyze, identify and mitigate potential risks.

“FCA is looking for a blockchain analytics solution that improves our ability to:

  • Perform crypto asset blockchain data analysis associated with crypto asset activity in the scope.
  • Identify and respond to identified risks through the analysis of crypto-asset blockchain data.
  • Use crypto-asset blockchain data to support effective oversight of crypto-asset activity in the scope, to support the development of intelligence and enforcement investigations, where appropriate .

The tender notice, posted on the Financial Conduct Authority’s website on November 15, is still an open opportunity for potential entrepreneurs.

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Featured Image: Shutterstock / Fatboy29Basic / Natalia Siiatovskaia


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