Coinbase arm fined £3.5m for crypto related breaches

Companies | 26 Jul 24

This is the first time the FCA has taken enforcement action using these powers

The FCA highlighted that all clients should remain alert to the possibility of fraud

It carried out 22 criminal prosecutions and took steps towards the recovery of nearly £3m

Jersey reached a level of effectiveness that is ‘among the highest’ in those jurisdictions assessed

The platform is now being rolled out and is in use by Corbel’s growing bank of 145 adviser members

United Kingdom