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 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...
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,...
On March 22, 2019, the Ministry of Economy and Finance released a consultation on the draft legislative decree containing the necessary provisions to transpose the 5th Anti-Money Laundering...
Finland has cast a wide net for virtual currency businesses in its implementation of new EU legislation, gold-plating the measures to include virtual currency issuers among those which must...
On March 15, 2019, the UK parliament released a report titled “Registers of Beneficial Ownership”, which explores the developments of beneficial ownership registers both in the UK and...
UK authorities will soon be issuing their response to the recent evaluation of the country by the Financial Action Task Force (FATF), with a strategic plan coming in the summer and an imminent...
European lawmakers took a further step on Tuesday towards empowering law enforcement to tackle illicit finance, while senior EU figures restated the need for a more centralised approach to anti...
The UK government has been urged to furnish the country’s financial intelligence unit with dozens more staff and modernise its IT infrastructure to rectify shortcomings in its fight against...
On February 19, 2019, the Cyprus Securities and Exchange Commission (CySEC) launched a consultation seeking feedback on the proposed amendments to the Prevention and Suppression of Money Laundering...
Financial crime experts have told a European Parliament committee that Cyprus’ financial sector remains overly reliant on illicit funds with links to Russia, despite efforts from authorities to...

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