FCA and Police Seize 7 Crypto ATMs in UK AML Crackdown

On 17 July 2025, the UK Financial Conduct Authority (FCA) announced the seizure of seven crypto ATMs and the arrest of two individuals suspected of operating an illegal cryptoasset exchange. The enforcement action was carried out jointly with the Metropolitan Police Service as part of an ongoing investigation into unregistered cryptoasset activities. According to the FCA, these individuals were not registered under the UK’s Money Laundering Regulations, which all crypto firms must comply with in order to operate legally. The FCA reaffirmed that crypto ATMs offering crypto exchange services must be registered and that operating without FCA authorisation is a criminal offence. This latest action highlights the FCA’s continued efforts to protect consumers and uphold AML standards in the growing crypto sector.