A financial regulator in the United Kingdom is looking for crypto experts to assist in identifying illegal activities.
The Financial Conduct Authority (FCA) recently published a tender notice seeking consultants to access a blockchain analytics platform to help counter money laundering and terrorism.
“Under these regulations in scope crypto-asset firms are required to establish and maintain policies, controls and procedures to mitigate and manage effectively the risks of money laundering and terrorist financing.”
The FCA is seeking a third-party firm specializing in blockchain data analysis to work under the financial regulatory body.
“As the supervisor of in scope crypto-asset activity in the UK, the FCA requires access to specialist services to support the analysis of crypto-asset blockchain data.
The FCA is seeking the services of a third-party firm specializing in this area that can provide access to a platform that can support the robust and efficient analysis of crypto-asset blockchain data and provide training and ongoing support in the use of this platform.”
Specifically, the FCA is looking for a firm that can supervise, analyze, identify, and mitigate potential risks.
“The FCA seeks a blockchain analysis solution which enhances our capability to:
The tender notice, posted to the Financial Conduct Authority’s website on November 15, is still an open opportunity for potential contractors.
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