AML compliance proving tall hurdle for UK crypto firms - Alun Milford quoted in Compliance Week

23 June 2021

Alun Milford, Partner in our Criminal Litigation team, has been quoted in Compliance Week following the second deadline extension requiring cryptocurrency firms to be registered with the Financial Conduct Authority (FCA) under money laundering regulations.


An original deadline of January 2021 was extended to July 2021 due to the number of organisations applying for registration at the time. This has now been extended to March 2022 by the FCA as a high number of businesses cannot meet the required standards.

On the second extension to the registration deadline, Alun is quoted:

Government and the FCA have shown patience in giving the industry a chance to put its house in order. But I doubt there will be any further extensions."

This article was first published by Compliance Week on 22 June 2021 which you can read in full by clicking here (subscription required).

Further information

For further information on the issues raised in this news article, please contact a member of our criminal litigation team.


About the author

Alun Milford is a Partner in the Criminal Litigation team and specialises in serious or complex financial crime, proceeds of crime litigation and corporate investigations. He has particular knowledge and experience of issues surrounding corporate crime and deferred prosecution agreements. He joined Kingsley Napley from the public sector where, over a twenty-six year career as a government lawyer and public prosecutor, he worked in a wide variety of roles including General Counsel at the Serious Fraud Office, the Crown Prosecution Services’ Head of Organised Crime, its Head of Proceeds of Crime and Revenue and Customs Prosecutions Office’s Head of Asset Forfeiture Division.


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