FCA declines Zeux Limited’s registration as a cryptoasset exchange provider, citing inadequate AML controls and ineffective risk management

The FCA found weaknesses in Zeux’s Business-Wide Risk Assessment, including inadequate customer risk analysis, failure to assess geographic risks, and missing controls for crypto transactions. Zeux’s incomplete risk framework raises concerns over its ability to detect illicit finance, posing a regulatory hurdle for its operations in the UK.