[UK FCA Collaborates with HMRC and London Police to Crack Down on Illegal OTC Crypto Trading] The UK Financial Conduct Authority (FCA), in collaboration with Her Majesty's Revenue and Customs (HMRC) and the London Police, conducted raids at multiple locations in London targeting three suspected illegal peer-to-peer crypto trading venues. Notices were issued to the operators, demanding an immediate cessation of unregistered crypto activities. The FCA emphasized that any peer-to-peer crypto trading conducted commercially in the UK must complete anti-money laundering registration. Currently, there are no peer-to-peer crypto trading businesses registered with the FCA within the UK.