Assessing the Impact of the ECPII on the Crypto Asset Sector

In late March, the UK government announced the second Economic Crime Plan, setting out how the government will respond to economic crime between 2023-2026. It centers around three main outcomes: reducing money laundering and recovering more criminal assets, combating kleptocracy and driving down sanctions evasion and finally, cutting fraud. For the first time, the Plan includes a dedicated section on combating the ‘criminal abuse of crypto assets’ . In this webinar, TRM is joined by representatives from the Home Office and HM Treasury to discuss the illicit finance risks faced by the UK's cryptoasset sector, how ECPII plans to counter these and how the private sector can play a vital role in combating the criminal abuse of cryptoassets.