UK Cryptoasset Promotion Rules Could Spell Trouble for Firms Outside the UK
4 minute read | June.27.2023
Guy Stevenson
Senior Associate
London
Guy advises clients on a broad range of regulatory and financial crime issues. His practice has a particular focus on retail financial services, including advising on consumer credit, payments, crypto, insurance and financial crime issues.
In addition to advising established financial services firms, Guy advises new innovative Fintech businesses on UK regulation including whether their activities will require authorisation and how best to launch their business in the UK. He has significant experience advising firms on regulatory issues connected to the selling of financial services products through apps and online journeys.
Guy frequently advises clients on financial crime issues, including AML controls, reporting obligations, failure to prevent offences, anti-corruption and market abuse.
He has a deep knowledge of consumer credit law and excels in providing practical advice on how the law/regulation should be interpreted and applied.
He also advises on contentious matters including regulatory investigations and conduct issues.
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- Advised a leading global marketplace on regulatory issues connected with the selling of a new financial services product.
- Advised an innovative P2P lending platform on regulatory matters, including the regulatory treatment of their UK business model and how to optimally structure their UK activities.
- Advised a global card issuer in connection with potential breaches of the Money Laundering Regulations 2017, including advising on whether breaches had occurred, regulatory engagement and remediation work.
- Acted for a major global Fintech business on the launch of their new regulated consumer lending product. This included advising the client on how to operate their new business model in compliance with UK regulation. This also involved working closely with the in-house legal team and business to develop a customer journey that was consistent with their brand and designed to avoid customer drop-out.
- Advised a major international payments firm on the integration of a newly acquired large Fintech business. This involved advising the client on legacy compliance issues identified post-acquisition, for example, advising on notifying the relevant regulatory authorities and correcting the issues identified.
