On December 11, 2018, the Ministry of Finance and the Ministry of Justice and Security published a consultation paper on the draft bill that makes amendments to the 4th Anti-Money Laundering...
On May 24, 2019, the Federal Ministry of Finance in Germany announced the launch of a consultation seeking feedback in relation to a draft law aiming to transpose the provisions of the 5th Anti...
On August 8, 2019, Draft Law 7467/00 transposing certain provisions of the 5th Anti-Money Laundering Directive (5th AMLD) was presented to the Chamber of Deputies, the unicameral national...
Germany’s transposition of European financial crime laws looks set to upset the crypto sector, with a draft bill aiming to put a hard line between virtual currency firms and other financial...
The European Commission’s plans to change EU anti-money laundering rules from directives into regulations will not solve the underlying problem of lacklustre supervision, legal experts have said.
Latvian authorities have handed a €1m fine to Rigensis Bank for violating an array of financial crime laws, the latest direct action taken by the country as it seeks to implement a suite of...
The UK government has put the overhaul of the country’s payment architecture on the front line of the fight against economic crime as it announces an array of new measures to combat illicit finance.
On July 3, 2019, the Council of Ministers introduced before parliament a bill including amendments and additions to the Law on Measures against Money Laundering. This law was adopted in March 2018...
This report provides an overview of payment methods in the gambling industry, with information on the preferred methods of payment by players in the UK. The report details regulatory aspects, such...
Both gambling operators and payment institutions are required to adhere to the licensing regimes within the country. This Q&A provides key information on the applicable gambling and payments...
The Dutch government has laid out an ambitious programme of reform for its anti-money laundering efforts, with recent high-profile failures nipping at the country’s heels ahead of a major review of...
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 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...

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