On 29 March 2021 we published an article about Wirex Limited. The article contained statements about Wirex which they have explained to us are inaccurate and we have since withdrawn the article. In particular we wish to correct the following specific points:
- Wirex has not been found guilty of any money laundering offence or any financial misconduct.
- The FCA has not ‘cracked down’ on Wirex. Wirex have informed us that they have not been accused of money laundering or financial misconduct by the FCA and we now acknowledge that its current arrangements with the FCA have been entered into on a voluntary basis whilst both parties explore the implications of the UK’s new Temporary Permissions Regime and the Fifth Anti-Money Laundering Directive (5AMLD) for cryptocurrency businesses.