HM Treasury has said the UK might not “opt in” to the European Commission’s proposed amendments to anti-money laundering (AML) laws, despite scepticism from EU experts.
Austrian plans to transpose recent European money laundering rules will prove a mixed bag for those keen to speed up reform to financial crime laws throughout the continent, experts have said.
Preparation for imminent EU payment account laws has proved difficult for e-money and payments businesses across the continent, experts have said.
HM Treasury has said it has “concerns” that amending EU anti-money laundering laws could inflict financial burdens on businesses, while maintaining that the revised January 1 deadline is unlikely...
European law enforcers are preparing to lobby officials to gain more tools and legislation for dealing with virtual currency crime, according to industry insiders.
French law enforcement authorities have warned that criminals are finding new ways to exploit Bitcoin and prepaid cards, laundering illicit funds online “with impunity”.
Legal experts have said payments institutions must be ready to implement EU anti-money laundering reforms by January 1, despite widespread criticism of the new proposed deadline.
International financial institutions need to address compliance issues around data protection as they try to meet their anti-money laundering (AML) and counter-terrorism funding (CTF)...
The EU's top financial regulator supports the European Commission's proposals to bring virtual currency businesses within the scope of new anti-money laundering laws, but has shunned plans to bring...
EU official clarifies Bitcoin 4th AMLD amendments; Australia remittance crackdown continues; TransferWise becomes first non-bank with direct access to FPS; and JPMorgan settles over jailbird...
The European Commission has proposed to amend EU anti-money laundering laws so that businesses active in 11 “high-risk” countries must apply tougher customer identity controls.
Proposals by EU authorities to include virtual currency services within the scope of financial crime reforms could spell the end of anonymous Bitcoin usage in Europe, experts have said.
EU authorities have detailed amendments to anti-money laundering laws, tightening controls on prepaid cards, virtual currency exchanges and wallet providers, while bringing the implementation...
European ambitions to build a centralised know your customer (KYC) database have been jeopardised by the UK's decision to quit the EU, according to payments industry experts.
French officials have forced through plans to implement EU anti-money laundering (AML) laws ahead of schedule, despite the European Commission revealing its “emergency amendments” have been delayed...
The UK government is reviewing its anti-money laundering (AML) controls as it prepares to implement a major piece of European legislation in the run-up to an assessment by a financial crime watchdog.
Australia unveils new interchange structure with amended card regulations; France tightens terror funding controls with new bill; Singapore authorities shut down major bank after AML failings;...
European policymakers have voted in favour of creating a new watchdog for virtual currencies and their underlying technology, formally adopting a stance they hope will encourage sector-transforming...
Virtual currency firms in the Czech Republic could be crippled by a stringent anti-money laundering (AML)  law making its way through the country's parliament, according to a local firm.
European legislators face an uphill struggle to adapt existing EU payments legislation to virtual currencies, experts have warned, after the European Parliament suggested changes to several...

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