On 6 October 2023, the FCA updated its webpage ‘Cryptoasset AML/CTF regime: feedback on good and poor quality applications’ by generally updating the page and adding registration statistics. The FCA has been the anti-money laundering and counter-terrorist financing supervisor of UK cryptoasset businesses since 10 January 2020. In the last 12 months it has determined 79 applications. Five of these applications have been registered. The remainder have either been rejected, withdrawn, or refused.
By: Andrew Serwin, Kristi Kung, Bethany J. Hills, Christine Lentz
With the mounting mental health crisis intensified by the COVID-19 pandemic, the telemental health industry has exploded in recent years. According to recent estimates, as many as 325,000 health and wellness apps are available for download, and 10,000-20,000 apps have been designed specifically for mental health. Many of these programs require clients to record their symptoms, which has led to reports of privacy concerns, because these companies may profit from … Read the rest