On September 5, 2018, Regeringskansliet, the Swedish Government Offices, published a proposal for the implementation into Swedish national law of the 5th Anti-Money Laundering Directive (Directive ...
UK e-money firms have raised “serious concerns” about incoming restrictions on anonymous prepaid cards issued outside the EU, warning the government over the compliance burden that will fall on the...
On June 21, 2019, the Financial Action Task Force (FATF) adopted and issued an Interpretive Note to Recommendation 15 on New Technologies (INR. 15), which clarifies FATF’s previous amendments to...
The Financial Action Task Force (FATF) has published its finalised guidance on virtual currencies, putting the same standards on crypto exchanges and wallets as currently exist for more traditional...
Facebook has finally pulled back the curtain on the worst-kept secret in Silicon Valley: a global peer-to-peer and retail payment system that seeks to plant the use of cryptocurrencies firmly in...
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...
Virtual currencies pose a high money laundering and terrorist financing risk to Latvia and the absence of regulation is compounding the danger, a review by the country’s financial intelligence unit...
On May 31, 2019, the Lithuanian parliament (Seimas) passed the draft Republic of Lithuania Cash Flow and Terrorist Financing Prevention Law VIII-275 Articles 2, 4, 7, 9, 10, 11, 19, 20, 25,...
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 May 28, 2019, Fintech Finland launched a consultation on the Financial Supervisory Authority's draft Regulations and Guidelines for Virtual Currency Providers (4/2019)....
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...
On May 23, 2019, Law No. 2019-486 of May 22, 2019 on the Growth and Transformation of Enterprise (loi PACTE) was published in the official gazette. This law aims to empower businesses to innovate,...
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 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...

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