FCA Proposes Personal Wallet Checks in Nonbinding Crypto Guidance

TLDR The UK’s Financial Conduct Authority opened consultation CP26/38 on October 23, 2026, proposing updates to its Financial Crime Guide. Draft guidance lists enhanced due diligence on transfers involving unhosted, or personal, crypto wallets as good practice. The FCA calls it poor practice when firms use third-party risk scores they cannot explain or evidence. Rigid [...]

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