Particularly, the FCA is having a vacant position for an intelligence associate, with background in crypto, to assert digital assets under the European Union’s 5th Anti-Money Laundering (AML) Directive, as revealed via the LinkedIn recruit page on February 6th.
Generally perceived as 5AMLD, the law was officially effective starting January 10th, which is an initiative in combating against money laundering and terrorism financing throughout Europe.
Although the exit process of the UK out of Europe has been finalized on January 31st, its authorities are still required to put in an extensive amount of attention to the EU’s recently active crypto law.
Due to this reason, the FCA is putting a word out to find a new crypto specialist for its core function team — the intelligence team – who will be handling 5AMLD regulation of the crypto assets industry, starting January this year.
This new personnel will take responsibility for intelligence support for supervision and enforcement, along with taking care of the application process for U.K-based businesses operating in the financial services industry.