The FCA Has Rejected 80%+ of Crypto Applications
The UK isn't a regulatory light-touch zone. Since 2020, the FCA has rejected the majority of crypto firm registration applications.
The good news: These are all fixable with the right guidance.
How We Help UK Crypto Firms
FCA MLR Registration Support
Get registered with the FCA as a crypto asset business.
- Business-wide AML risk assessment
- Policy and procedure documentation
- MLRO framework setup
- Fit & proper preparation
- Application drafting and submission
- Regulator liaison
Financial Promotions Compliance
Since October 2023, marketing crypto to UK consumers is regulated.
- Current promotion audit
- Risk warning implementation
- 24-hour cooling off process
- Appropriateness assessment framework
- Approval route strategy
- Ongoing compliance monitoring
Travel Rule Implementation
UK Travel Rule is live since September 2023. No threshold - every transaction.
- Travel Rule policy development
- Technical solution evaluation
- Counterparty identification process
- Sanctions screening integration
- Fallback procedures
- Staff training
Ongoing Compliance Support
Don't have an in-house compliance team? We act as your outsourced compliance function.
- MLRO support or oversight
- Regulatory change monitoring
- Policy updates and reviews
- SAR support
- Board reporting
- FCA correspondence handling
Why Work With Us
11 years in FCA-regulated markets
Regulatory Delivery Experience
Not just advisory - actual delivery. Built and ran the algo trading oversight function at NatWest Markets and delivered MiFID II Annual Self-Assessments to the FCA.
Trading + Compliance
Both Sides of the Desk
Rare combination: ran a profitable trading desk (Sun Trading) AND built regulatory control frameworks. Understands what works operationally, not just on paper.
Direct principal engagement
Senior Access
No bait-and-switch. No junior consultants doing the work. Direct access to 11+ years of FCA experience on every engagement.
Frameworks that work
Practical, Not Academic
Built for startups and scale-ups. Proportionate, practical compliance - not gold-plated enterprise solutions you don't need.
Meet the Principal
Subrata Bal
Founder & Principal
Former Global Head of eTrading Oversight at NatWest Markets, where I built and ran the independent 2nd Line of Defence function for algo trading across UK, US, and India.
"I've sat on both sides - building trading systems and then overseeing them for regulatory compliance. That perspective is rare, and it's what I bring to every engagement."
Our Process
Free Assessment
30 mins
We understand your situation: business model, current compliance state, gaps, timeline. No obligation.
Proposal
2-3 days
Clear scope, fixed price, defined deliverables. No surprises.
Delivery
Per scope
We work alongside your team - or independently if you're lean. Regular updates, clear milestones.
Ongoing Support
Optional
Compliance isn't one-and-done. We can provide ongoing support as your outsourced compliance partner.