RFP QuestBeta
Awarded · ResultStage · award

Financial Conduct Authority

CON-21-141 Cryptoasset Blockchain Analysis Platform

Software & IT SystemsCPV 48812000
Value£339,204
Awarded
Published18 Jul 2022
RegionNationwide

£339,204 — awarded.

Outcome — awarded
Chainalysis Inc

This is a contract result notice, not an open opportunity. Details from the official award data.

Who to contact
Tim Mitchell
isprocurement@fca.org.uk
+44 2070661000

The procurement contact named on the official notice.

Contract value in context
£339ktotal contract value
median £91k
this tender£0£1.1m

This is a large award for Software & IT Systems — above three-quarters of comparable contracts. Based on 30,286 valued Software & IT Systems tenders in our corpus.

The brief

On 10th January 2020 the FCA became the anti-money laundering and counter terrorist financing (AML/CTF) supervisor for firms carrying out certain in scope cryptoasset activity in the UK.

The FCA is required under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) to approve and register firms conducting in scope cryptoasset activities and ensure that these firms are effectively monitored to secure compliance with these regulations.

As the supervisor of in scope cryptoasset activity in the UK, the FCA requires access to specialist services to support the analysis of cryptoasset blockchain data.

The FCA is seeking the services of a third-party firm specializing in this area who can provide access to a platform that can support the robust and efficient analysis of cryptoasset blockchain data and provide training and ongoing support in the use of this platform.

Requirements

What the notice asks for

01

The FCA is required under The Money

The FCA is required under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) to approve and register firms conducting in scope cryptoasset activities and ensure that these firms are effectively monitored to secure compliance with these regulations.

02

As the supervisor of in scope cryptoasset

As the supervisor of in scope cryptoasset activity in the UK, the FCA requires access to specialist services to support the analysis of cryptoasset blockchain data.

Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.

The gates

What this notice demands of you

1 named in obligation language, 0 mentioned. Each one is quoted from the notice.

FCA authorisationsays mustRegulator registrations
The FCA is required under The Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (MLRs) to approve and register firms conducting in scope cryptoasset activities and ensure that these firms are effectively monitored to secure compliance with these regulations.

Matched against the notice text, so this is a floor — the tender pack will demand things the notice never mentions. “Says must” means the quoted sentence itself used obligation language; anything ambiguous is left as a mention.

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Source & provenance
OCID
ocds-h6vhtk-02f6c1
Stage
award · Awarded
Source
Find a Tender
Buyer ref
019505-2022
View the original notice on Find a Tender

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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