Denmark has taken the opportunity of new EU anti-money laundering (AML) laws to address shortcomings related to the recent Danske Bank scandal, adding extra measures to tighten financial...
The UK’s Financial Conduct Authority (FCA) has issued guidance on whether firms using crypto-assets need to seek authorisation, outlining several activities that could qualify as regulated payments...
On December 17, 2018 the Danish Financial Supervisory Authority (FSA) published a consultation paper concerning the draft proposals for an act amending the Act on Measures to Prevent Money...
On January 18, 2019, the German parliament (Bundestag) released the responses of the federal government to a series of questions submitted by a parliamentary group in December 2018 related to the...
Despite substantial work from two top EU regulators on crypto-assets, legal experts believe the likelihood of a new, all-encompassing legal framework for the technology is low.
Industry groups and legal experts have urged Dutch officials to revisit draft anti-money laundering reforms, arguing the burden on virtual currency firms is too heavy — and may inadvertently apply...
On January 10, 2019, Statutory Instrument (SI) 2018 No. 1337 (Financial Services), the Money Laundering and Terrorist Financing (Miscellaneous Amendments) Regulations 2018, came into force....
On January 9, 2019, the European Banking Authority (EBA) published a report on crypto-assets, which includes the results of its assessment of the applicability and suitability of EU law on crypto...
The EU’s top payments regulator has recommended that the European Commission considers further reforms for crypto-assets, warning that some activities are “highly risky” yet fall outside existing...
Financial institutions in Ireland face an onslaught of regulatory reforms to the country’s anti-money laundering and counter-terrorist financing framework as the government seeks to make amends for...
On January 3, 2019, the Department of Justice and Equality published the General Scheme of the Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Bill 2019. The scheme sets out...
Thanks to a barrage of regulatory reforms brought in over the past year, 2019 is poised to be a challenging year for European payments firms. Banks are under intense pressure to complete the...
On July 25, 2018, the Cabinet of the Icelandic government launched a consultation seeking feedback on the proposed comprehensive legal act on money laundering and terrorist financing, which will...
A landmark year for the continent’s payments industry, 2018 oversaw the introduction of major new EU legislation. The shift towards open banking propelled by regulation was accompanied by new rules...
The European Parliament has called for a slew of counter-terrorism financing measures aimed at money transfer businesses, virtual currency users and national authorities, just hours after three...
The Netherlands has laid out the impact that new European anti-money laundering legislation will have on virtual currency exchanges, predicting that the new requirements will cost hundreds of...

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