Crypto scams don hit $9.9B; 90% UK apps no fit AML, data sharing

Crypto scam don reach $9.9 billion for 2024 as 90% of UK crypto apps no pass anti-money laundering (AML) compliance checks. Fraudsters dey use digital assets well well to wash money wey dem collect from traditional finance. Dis one make people dey call make dem share data across industries sharply to stop financial crime. Industry experts like Cifas CEO Mike Haley dey talk say make dem join crypto on- and off-ramps with normal payment data, make AML defense strong well through upstream data flow, plus work with fraud prevention pros wey sabi well. Dem talk say if dem share data more, everybody go sabi how fraud dey go and e go make AML compliance strong. UK regulators support dis plan: one ICO judgement talk say data protection rules no suppose block fraud prevention, and Data (Use and Access) Act 2025 consider crime prevention as legit interest. Future rules for digital assets go make consumer protection and data sharing mandatory. If dem expand public-private efforts like Joint Money Laundering Intelligence Taskforce to include crypto, e fit make market strong and help catch scam early.