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5th Anti-Money Laundering Directive (5th AMLD)
EU Crypto Reforms On Horizon As Commission Research Nears End
7th Dec 2018 | Written by:
The European Commission is set to receive comprehensive reports on crypto-asset usage across the union to help point the direction future regulation should go – although reforms will have to wait...
European Council Approves 'Quick Fix' AML Measures, Eyes Deeper Reforms
5th Dec 2018 | Written by:
The European Council has approved an “action plan” to plug holes in the bloc’s anti-money laundering (AML) supervision framework and tasked the European Commission with thrashing out longer-term...
European Council Pushes For Early Introduction Of 5th AMLD
27th Nov 2018 | Written by:
European national authorities are being urged to introduce the 5th Anti-Money Laundering Directive (5th AMLD) early, as the union looks to harden its response to a recent string of financial crime...
Spain: Ministry of Economy, Industry and Competitiveness Consults on Implementing Provisions of 5th AMLD
26th Nov 2018 | Written by:
On November 12, 2018, the Ministry of Economy, Industry and Competitiveness published a consultation paper on Modification of Law 10/2010, of April 28, on the prevention of money laundering and...
New UK Crypto Regulations Take Inspiration From Offshore Gambling Laws
21st Nov 2018 | Written by:
UK authorities have drawn on developments in regulating online gambling to formulate new know your customer (KYC) requirements for businesses using cryptocurrency.
European Commission Reveals Shortlist For AML 'Blacklist' Reviews
20th Nov 2018 | Written by:
The European Commission has unveiled a list of “priority one” jurisdictions, including the United States, China and Australia, that will be considered next for inclusion on its blacklist of high...
Luxembourg Referred To Court For Failure To Transpose 4th AMLD
9th Nov 2018 | Written by:
Luxembourg has been referred to the Court of Justice of the European Union for its failure to fully transpose critical European anti-money laundering (AML) legislation, a year after the official...
Malta: Financial Intelligence Unit Consults on Application of AML/CTF Obligations to Virtual Financial Assets Sector
31st Oct 2018 | Written by:
On October 31, 2018 the Financial Intelligence Analysis Unit (FIAU) launched a consultation on the application of anti-money laundering and counter-terrorism financing (AML/CTF) obligations to the...
UK: Cryptoassets Taskforce Issues Final Report on Cryptoassets
30th Oct 2018 | Written by:
On October 29, 2018 the Cryptoassets Taskforce, which was established by HM Treasury, published its final report on the UK's policy and regulatory approach to cryptoassets. The taskforce has...
UK Unveils Crypto AML Strategy, Vows To Outpace Europe
30th Oct 2018 | Written by:
UK authorities have vowed to go “significantly beyond” the requirements of the EU’s 5th Anti-Money Laundering Directive when it comes to cryptocurrency firms, as concerns grow over links to illicit...
Germany: BaFin Consults on Due Diligence in Connection with Virtual Currencies
18th Oct 2018 | Written by:
On October 18, 2018, the Federal Financial Supervisory Authority (BaFin) launched a consultation on the circular "Due diligence in connection with virtual currencies - indications for an...
Industry Wary Over PSD2 Data Protection Issues, Report Finds
17th Oct 2018 | Written by:
European regulators still have work to do to help businesses navigate conflicting requirements between this year’s payments overhaul and shifts in anti-money laundering and data protection reforms,...
Latvian Government Looks To Repair Reputation With AML Overhaul
16th Oct 2018 | Written by:
Legal experts believe there are already signs of progress in Latvia’s attempts to tackle money laundering and terrorist financing, after the government responded to damning criticism with a ...
Crypto Exchange Regulations To Cut Out Illicit Funds Worth Billions, Says Report
15th Oct 2018 | Written by:
New research has suggested that regulatory controls on cryptocurrency exchanges could have a substantial impact on stemming the flow of illicit funds, which currently amounts to billions of US...
Crypto Reforms Give Norway A Head Start On 5th AMLD
12th Oct 2018 | Written by:
Norway has made an early start on implementing the 5th Anti-Money Laundering Directive (5th AMLD), introducing the new measures governing virtual currency exchanges despite concerns from experts...
Finland: Government Proposes Act Strengthening Measures to Tackle Money Laundering and Terrorist Financing
4th Oct 2018 | Written by:
On October 4, 2018, the Finnish government presented to the parliament a proposal to introduce a new Act concerning the Supervision of Banking and Payment Accounts (förslag till lag om ett...
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