The Financial Conduct Authority of the United Kingdom (FCA) continues to crackdown on illegal crypto ATMs.

The FCA confirmed that it had inspected sites in Exeter and Nottingham, along with the regional police. The regulator stated that the devices used to convert fiat money into crypto were viewed as a threat for money laundering and that none of them had been registered with the FCA in accordance with law.

Therese chambers, FCA Executive Director for Enforcement and Market Oversight, said that “crypto ATMs operating without FCA Registration are illegal.” “We will stop illegal activity.”

The FCA stated that it was reviewing evidence from its inspection but did not specify if further action would be taken. The raids are in response to enforcement actions announced in March in Leeds and East London .

According to CoinATMRadar, there are 17 crypto ATMs operating in the U.K. However, the FCA has stated that none of the registered 40 crypto companies is allowed to provide this service.

Read more about UK Financial Regulator Expands Enforcement Against Crypto-ATMs to East London

Parikshit Miishra is the editor.