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UK FCA declines Zeux Limited’s crypto application citing risk of harm

( March 17, 2025, 16:13 GMT | Official Statement) -- MLex Summary: Zeux Limited’s application for registration as a cryptoasset exchange provider has been declined, with the UK Financial Conduct Authority citing a “significant” risk of harm. The application, submitted in June 2022, showed that the firm, which is authorized and regulated by the FCA, had failed to implement anti-money laundering controls and carry out effective risk management. "The anti-money laundering controls put forward by Zeux Limited fell well short of legislative requirements. Registration of the firm would have posed a significant risk of harm to the public," the FCA said today.  Statement below, decision notice attached. ...

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