Incoming European reforms targeting virtual currency businesses will apply anti-money laundering controls to exchanges and trading platforms — even if they are based outside the EU.
A trio of influential European regulators have suggested national authorities pay close attention to financial firms’ use of emerging technology to streamline know your customer (KYC) checks.
Seemingly tough new anti-money laundering controls on prepaid cards in the EU could be an attempt to influence jurisdictions further afield, legal experts have suggested.
Pioneering research into money laundering using Bitcoin has found that financial institutions and gambling operators are at serious risk of exposure to illicit funds from darknet marketplaces.
Signs are emerging that UK authorities could toughen enforcement of anti-money laundering (AML) regulations ahead of an impending on-site inspection from the world’s top financial crime watchdog.
Recently finalised amendments to EU financial crime regulations could capture a broad range of virtual currency businesses, including offline wallet providers and trading platforms, legal experts...
Malta has finally implemented the 4th Anti-Money Laundering Directive (4th AMLD) after six months of delays, but experts say additional guidance from the financial intelligence agency is crucial.
The European payments industry is entering a landmark year for regulatory reform, spearheaded by the introduction of the revised Payment Services Directive (PSD2), tighter controls on financial...
The global payments industry has undergone a year characterised by conflict — between traditional financial institutions and emerging technologically savvy rivals, and between regulators,...
French authorities have hit out at the EU’s efforts to combat financial crime, questioning whether global technology giants should be subject to stricter oversight as they become increasingly...
Caribbean officials are urging the EU to rethink its inclusion of several countries from the region on new financial crime blacklists, warning it could undo significant progress in combating de...
After nine rounds of fraught negotiations, EU authorities have finally reached an agreement on amending anti-money laundering laws, imposing new caps on anonymous prepaid cards and regulating...
Monaco has introduced draft legislation to match the 4th Anti-Money Laundering Directive, part of a broader push to bring its national regime in line with international standards.
Following more than a year of investigations into money laundering and tax crimes, a European Parliament committee has thrown down the gauntlet to EU member states, challenging them to back major...
A global money laundering watchdog has issued Portugal’s regulatory regime with a clean bill of health, although it said improvements should be made to the ways fund transfer companies report...
Prepaid firms are insisting European lawmakers must “see sense” on amendments to the 4th Anti-Money Laundering Directive (4th AMLD) that will likely introduce tough controls on the sector.
The European Commission has significantly expanded its proposed “blacklist” of high-risk countries for money laundering, adopting a far tougher position after pressure from parliamentarians.
EU authorities look likely to toughen their stance on outsourcing compliance with anti-money laundering rules, after a risk review from the European Banking Authority raised the profile of the issue.
European policymakers and law enforcement authorities are paying close attention to dark web drug marketplaces and the payment networks that support their operations.
Talks on amendments to the 4th Anti-Money Laundering Directive will resume next month, after the European Parliament reacted furiously to a farcical meeting in Strasbourg last week.

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