Rules for crypto firms


INSIGHT
Published
Jun 7th '24
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Information and resources to help firms understand Financial Conduct Authority (FCA) expectations, engage with and implement new regulation.

 

Financial promotions

 

The Travel Rule

 

The crypto regime

 

How can LS Consultancy assist?

At LS Consultancy, we use our expertise in regulation, compliance, and due diligence to help cryptoasset companies navigate the ever-complex regulatory environment.

 

In order to help our clients maintain the highest standards of compliance in the world of cryptoassets, our specialised team of financial crime and digital assets consultants closely follows legislative changes. We can assist your company in the following ways:

 

  • Compliance Support: Using thorough regulatory compliance audits, risk assessment services, and individualised advice on putting in place the required controls and disclosures, make sure the FCA’s new financial promotion guidelines for cryptocurrency assets are followed.
  • Handle the FCA authorisation and registration process for your company: Plan and direct the procedure. Along with interacting with your company and the FCA during the application process, this entails helping to prepare the application and any supporting materials. We also offer ongoing assistance, such as compliance monitoring, after registration.
  • Development of Regulatory Policies and processes: Draft custom policies and processes and assist with the application of pre-existing ones.
  • Regulatory Advice: Provide clients trading cryptocurrency with regulatory advice that explains the necessary licenses and registrations.
  • Establish Anti-Money Laundering (AML), Know Your Customer (KYC), and Know Your Transaction (KYT) frameworks. These should include mandatory yearly risk assessments for the entire company, as mandated by regulations.

 

Related:

 

Need some promotional advice? If you want to understand more about how to make sure your marketing materials meet FCA standards, please click here.

 

About us

LS Consultancy are experts in Marketing and Compliance, and provide Crypto support  to help mitigate risk.

 

We provide a cost-effective and timely bespoke copy advice and copy development services to make sure all your advertising and campaigns are compliant, clear and suitable for their purpose.

 

Our range of innovative solutionscan be tailored to suit your unique requirements, no matter whether you’re currently working from home, or are continuing to go into the office. Our services can be deployed individually or combined to form a broader solution to release your energies and focus on your clients.

 

Contact us today for a chat or send us an emailto find out how we can support you in meeting your current and future challenges with confidence.

 

Explore our full range today.

 

Contact us

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