Section one: Contracting authority
one.1) Name and addresses
Financial Conduct Authority
12 Endeavour Square
London
E20 1JN
Contact
Tim Mitchell
Telephone
+44 2070661000
Country
United Kingdom
NUTS code
UKI4 - Inner London – East
Internet address(es)
Main address
one.3) Communication
The procurement documents are available for unrestricted and full direct access, free of charge, at
https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-information-systems./35HK868YD8
Additional information can be obtained from the above-mentioned address
Tenders or requests to participate must be submitted electronically via
https://www.delta-esourcing.com/tenders/UK-UK-London:-Financial-information-systems./35HK868YD8
Tenders or requests to participate must be submitted to the above-mentioned address
one.4) Type of the contracting authority
Other type
Financial Regulator
one.5) Main activity
Other activity
Financial Regulation
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
CON-21-141 Cryptoasset Blockchain Analysis Platform
Reference number
CON-21-141
two.1.2) Main CPV code
- 48812000 - Financial information systems
two.1.3) Type of contract
Supplies
two.1.4) Short description
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.
two.1.5) Estimated total value
Value excluding VAT: £500,000
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.3) Place of performance
NUTS codes
- UKI4 - Inner London – East
Main site or place of performance
Inner London – East
two.2.4) Description of the procurement
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.
Under these regulations in scope cryptoasset firms are required to establish and maintain policies, controls and procedures to mitigate and manage effectively the risks of money laundering and terrorist financing.
The FCA is required to secure that any application for registration meets the relevant requirements of the MLRs and effectively monitor firms for which it is the supervisory authority. The FCA must take necessary measures for the purpose of securing compliance by firms with the requirements of the regulations. Relevant persons who contravene the requirements of the MLRs may be guilty of an offence under regulation 86 and liable to summary conviction or indictment.
A cryptoasset is a cryptographically secured digital representation of value or contractual rights that uses a form of distributed ledger technology and can be transferred, stored or traded electronically. One application of this distributed ledger technology is seen in the use of public blockchains which underpin popular cryptoassets such as bitcoin. For the purpose of this document the term cryptoasset blockchain data will refer to data that is recorded on the public distributed ledgers of cryptoassets.
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.
The analysis of cryptoasset blockchain data is an essential aspect of the FCA toolkit when approaching its duties as supervisor of firms carrying out certain cryptoasset activity in the UK. The development of this capability is closely aligned with operational objectives of the FCA and has applications in the prevention of harm to consumers, in enhancing the integrity of the UK financial system and in promoting competition.
The FCA seeks a blockchain analysis solution which enhances our capability to:
- Perform analysis of cryptoasset blockchain data associated with in scope cryptoasset activity.
- Identify and respond to risks identified through the analysis of cryptoasset blockchain data.
- Use cryptoasset blockchain data to support the effective supervision of in scope cryptoasset activity, to support the development of intelligence and enforcement investigations as required.
The scope of this procurement exercise is to secure a platform that provides:
- The capability to visualize, review and export cryptoasset blockchain data to support FCA functions.
- Applies robust analytical techniques to support the efficient review of cryptoasset blockchain data including clustering and the aggregation of blockchain data.
- Provides data on attribution of cryptoasset addresses across a wide range of cryptoassets and blockchains.
- Supports users of the platform with training and specialist support on an ongoing basis.
two.2.5) Award criteria
Price is not the only award criterion and all criteria are stated only in the procurement documents
two.2.6) Estimated value
Value excluding VAT: £500,000
two.2.7) Duration of the contract, framework agreement or dynamic purchasing system
Duration in months
24
This contract is subject to renewal
No
two.2.10) Information about variants
Variants will be accepted: Yes
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
two.2.14) Additional information
To respond to this opportunity please click here: https://fca.delta-esourcing.com/respond/35HK868YD8
This contract may be subject to extensions up to a further 24 months
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.2) Time limit for receipt of tenders or requests to participate
Date
16 December 2021
Local time
12:00pm
four.2.4) Languages in which tenders or requests to participate may be submitted
English
four.2.6) Minimum time frame during which the tenderer must maintain the tender
Duration in months: 4 (from the date stated for receipt of tender)
four.2.7) Conditions for opening of tenders
Date
16 December 2021
Local time
12:00pm
Section six. Complementary information
six.1) Information about recurrence
This is a recurrent procurement: No
six.3) Additional information
The contracting authority considers that this contract may be suitable for economic operators that are small or medium enterprises (SMEs). However, any selection of tenderers will be based solely on the criteria set out for the procurement.
For more information about this opportunity, please visit the Delta eSourcing portal at:
https://fca.delta-esourcing.com/tenders/UK-UK-London:-Financial-information-systems./35HK868YD8
To respond to this opportunity, please click here:
https://fca.delta-esourcing.com/respond/35HK868YD8
GO Reference: GO-20211115-PRO-19234921
six.4) Procedures for review
six.4.1) Review body
Financial Conduct Authority
12 Endeavour Square
London
E20 1JN
Country
United Kingdom