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Tag: Ashley Alder

Sure! Incoming UK FCA Chair Says That The Crypto Sector Deliberately Facilitates Money Laundering!

Ashley Alder, the incoming UK FCA chair, presents himself as a crypto skeptic. Well, that's not too hard, given the recent developments around FTX. At a cross-party Treasury select committee, Alder said that crypto companies facilitate money laundering. The FCA currently has oversight to check that crypto firms have effective anti-money laundering, but generally, crypto assets themselves are not regulated. The UK Treasury plans to regulate the crypto and give the FCA more power to do so.

SFC CEO Ashley Alder Appointed As New Chair of the UK FCA

HM Treasury has announced the appointment of Ashley Alder as the new Chair of the Financial Conduct Authority (FCA). Ashley is currently Chief Executive Officer of the Securities and Futures Commission (SFC) in Hong Kong, a role he has held since 2011. Ashley also chairs the Board of the International Organization of Securities Commissions (IOSCO) and sits on the Financial Stability Board's Plenary and its Steering Committee.