Written questions

Cryptocurrencies: Politically Exposed Persons

2026-05-18 · Treasury · 2789 · Official question

Kevin Hollinrake

Question

To ask the Chancellor of the Exchequer, what guidance the Financial Conduct Authority provided on cryptocurrency payments to domestic Politically Exposed Persons.

Answer

The Financial Conduct Authority publishes guidance on the requirements of the Money Laundering Regulations (MLRs) with regard to politically exposed persons (PEPs). The MLRs require financial institutions, including FCA registered cryptoasset exchange pro...