OFSI intensifies its crackdown on cryptoasset abuse, through the multi-agency Crypto Cash Fusion Cell and real-time intelligence to trace, disrupt, and stop illicit funds linked to sanctions evasion

OFSI is stepping up action against the misuse of cryptoassets, working closely with UK law enforcement and regulators through the multi-agency Crypto Cash Fusion Cell (CCFC)—which brings together the NCA, Metropolitan Police, HMRC, FCA, City of London Police, and OFSI itself—to trace, investigate, and disrupt illicit funds linked to sanctions evasion. By sharing intelligence and partnering with private sector experts like Elliptic, the CCFC rapidly converts real-time data into operational outcomes, sending a clear message that exploiting cryptoassets…