The London P2P sweep: UK FCA raids eight illegal peer-to-peer trading hubs
Burns Brief
The sites were targeted for facilitating P2P trading without required registration or anti-money laundering controls, posing a financial crime risk Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The sites were targeted for facilitating P2P trading without required registration or anti-money laundering controls, posing a financial crime risk.
Key Takeaways
- The sites were targeted for facilitating P2P trading without required registration or anti-money laundering controls, posing a financial crime risk