FCA seeks crypto forensics help amid AML registration backlog

fca financial conduct authority getty 800x450

The United Kingdom’s Financial Conduct Authority (FCA) is looking to hire a third-party crypto forensics service provider by mid-December at the latest.
According to a tender offer published by the FCA on November 15, the contract is valued at £500,000 ($672,000) with a tenure of almost two years, ending on December 6, 2023.
“The FCA is seeking the services of a third-party firm specializing in this area who can provide access to a platform that can support the robust and efficient analysis of cryptoasset blockchain data and provide training and ongoing support in the use of this platform,” the tender offer stated.
As part of the contract scope, the FCA is looking for a system that offers robust blockchain data monitoring capabilities. The FCA also wants the system to allow easy integration with its internal regulatory functions.
According to the tender notice, the FCA deems the ability to monitor and analyze blockchain data as an essential regulatory tool. The document als

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