Text for CQS CPMS Policy
CQS Policy: Cryptocurrency
- Change date
- 16/07/2025
- Word count
- 103
- Deployment measure
- 8/10
Rationale
The objective of the proposed wording is to outline the firm's policies prohibition of cash and cryptocurrency payments to mitigate money laundering risks. It specifies that all cryptocurrency funds must be converted to sterling through a regulated exchange, and the firm does not operate cryptocurrency wallets.
We recognise that both cash and electronic currencies can provide anonymity and potentially enable money laundering. As a result, our policy strictly prohibits accepting cash payments from clients. In exceptional
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