In a first-of-its-kind strike against money laundering using cryptocurrency, law enforcement agencies have taken down a major mixing service that helped disguise the origin of funds worth millions...
Scams offering fake investments in cryptocurrencies and currency conversion have spiralled in the UK, authorities have revealed, in a development that could add bite to forthcoming proposals to...
The UK’s business register is coming under scrutiny for its role in enabling money laundering, with a consultation being launched on its overhaul as the government acknowledges the need for reform.
On March 13, 2019, the Danish parliament published Proposal L 204 on a law amending the Act on preventive measures against money laundering and terrorist financing (Money Laundering Act) and the...
On May 6, 2019, the Estonian government introduced a bill on amendments to the Money Laundering and Terrorist Financial Prevention Act and the State Fees Act (8 SE), in line with the provisions of...
On April 30, 2019, a series of acts, either newly introduced in their entirety or already existing but partially amended, were published in the Finnish official gazette upon their adoption by the...
The head of the Financial Conduct Authority’s (FCA) innovation unit has urged the UK cryptocurrency sector to raise its standards on fraud and crime, in response to criticisms over its delay in...
On April 3, 2019, the Saeima (parliament) introduced Draft Law no. 295/Lp 13 with the title “Amendments to the Law on Prevention of Money Laundering and Financing of Terrorism”, with the aim of...
On April 26, 2019, the Financial Supervisory Authority (FIN-FSA) announced that the President has approved the Act on Virtual Currency Providers and a briefing has been arranged for virtual...
The EU’s top payments regulator has stepped into a row between member states over supervision of firms passporting across national borders, taking a relatively tough stance on the controversial...
Lithuanian officials have said they want to bring certainty to the country’s crypto-asset sector, constructing new layers of regulatory oversight on top of the EU’s 5th Anti-Money Laundering...
On April, 24, 2019, the Financial Analytical Unit (FAU) published its annual report for 2018, summarising information about its activities in 2018 and information on the current trends with regard...
On April 15, 2019, HM Treasury released a consultation paper on the transposition of the 5th Anti-Money Laundering Directive (5th AMLD), by means of which it seeks feedback from all stakeholders in...
The UK has opened consultations on its approach to EU-wide anti-money laundering reforms, restating its plans to regulate a wider range of crypto-asset activities and tighten controls on e-money...
On April 12, 2019, the Federal Ministry of Finance (Bundesministerim Finanzen - BMF) introduced a draft law titled “Federal Law amending the Financial Markets Money Laundering Act, the Beneficial...
On April 12, 2019, the European Council's Parliamentary Assembly published Resolution 2279 (2019) on "Laundromats: responding to new challenges in the international fight against organised crime,...

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