https://www.chaincatcher.com/en/article/2203442

ChainCatcher news, according to Decrypt, this week the UK Treasury released a draft proposal for amendments to current anti-money laundering regulations, imposing stricter requirements on cryptocurrency businesses.

The Financial Conduct Authority will implement a broader "fit and proper" test for company controllers, replacing the current beneficial owner test, to ensure that regulation can cover complex ownership structures. Other provisions will lower the threshold for notifying changes in control from 25% to 10%, meaning that any party acquiring 10% or more of the shares or having significant influence must notify the Financial Conduct Authority.

The UK Treasury is seeking feedback on the draft, with a deadline of September 30, after which the regulations will be finalized in early 2026 and submitted to Parliament for consideration.