UK Faces ‘Material Risk’ from Crypto Laundering Ahead of FATF Review: RUSI

The gap between the FATF assessment and the UK's full crypto regime is the real story here: enforcement credibility will be judged on a framework that is not yet operative, which puts pressure on supervisors and firms to demonstrate capability early. RUSI's warning signals that the review will likely focus less on rules on paper than on evidence of investigations, prosecutions and supervisory follow-through. Whether the UK can show measurable enforcement before the rules fully bite is the open question, and it is one that other jurisdictions awaiting FATF scrutiny will be watching closely.