Incoming European reforms targeting virtual currency businesses will apply anti-money laundering (AML) controls to exchanges and trading platforms — even if they are based outside the EU.
Legislators reached an agreement in December to amend the 4th Anti-Money Laundering Directive (4th AMLD) so that businesses exchanging fiat and virtual currencies would become regulated entities, along with custodian wallet providers.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.