Payments Firm Wirex Pauses New Customer Onboarding on FCA Orders
The crypto-friendly firm will use this pause to strengthen its anti-money laundering controls.
The Colombian government is implementing new anti-money laundering laws with local exchanges.
Ian Rooney clocked almost 10 years at Morgan Stanley.
Firm hopes FCA approval will make it more attractive for institutional investors.
The FSA wants to implement the rule by April 2022.
The new FCA policy will see the number of companies required to submit financial crime reports increase from 2,500 to 7,000.