"[The company is part of a] Group, which operates a prominent cryptoasset trading platform that is accessible globally. [The company] does not undertake cryptoasset transactions for customers but it acts as a gateway for customers to trade cryptoassets via other entities within the ...Group. [The company] is not currently registered to undertake cryptoasset activities in the UK. Despite the restrictions in place, [the company] onboarded and/or provided e-money services to 13,416 high-risk customers. Approximately 31 per cent of these customers deposited around USD $24.9 million. These funds were used to make withdrawals and then execute multiple cryptoasset transactions via other...Group entities, totalling approximately USD $226 million."
