The European Commission is set to begin discussions with national authorities and market participants on whether virtual currencies are in need of more effective regulatory oversight.
Slovakia has taken a significant step towards implementing EU anti-money laundering reforms, although the new controls are likely to take effect more than a year late.
On February 6, 2018, the Department of Financial Policy at the Ministry of Finance published a draft law on the detection and prevention of money laundering and terrorism financing, incorporating...
A draft action plan for fintech recently leaked from the European Commission has raised concerns about the pace and feasibility of the accelerating drive for regulatory alignment.
The 4th Anti-Money Laundering Directive (Directive (EU) 2015/849), also known as the 4th AMLD, has brought in a set of obligations for the European Commission, European supervisory authorities ...
The Ministry of Finance and Development is consulting on a bill which will be implementing into Polish legal provisions the 4th Anti-Money Laundering Directive, as well as the recommendations of...
On February 7, 2018, the Malta Financial Intelligence Analysis Unit (FIAU) issued a guidance paper regarding red flags and suspicious activities that should be considered as indicative factors of...
The European Parliament has voted to include Tunisia on a blacklist of countries at high risk of money laundering, despite vocal opposition from concerned parties.
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.
On January 31, 2018, the Ministry of Economy and Finance published a consultation regarding Legislative Decree May 25, 2017, s. 90, Implementation of the Directive (EU) 2015/849 of the European...
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.
On April 26, 2017, the Ministry of Finance introduced draft legislation seeking to transpose Directive 2015/849 (also known as the 4th Anti-Money Laundering Directive - 4th AMLD) and ensure...
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...

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