EU legislators have thrown their weight behind plans to beef up the continent’s defences against illicit finance, with almost unanimous agreement in plenary debate on Wednesday that a stronger...
Plans to reform European anti-money laundering legislation so they take the form of regulations, rather than directives, received cautious accord among ministers on Tuesday, with the continent...
An influential UK government committee has said the lack of regulation for cryptocurrency is “unsustainable”, particularly after warnings that the scale of money laundering using the technology...
The European Banking Authority (EBA) appears set to gain stronger financial crime-fighting powers across the EU, after ongoing concerns about shortcomings in national-level approaches to money...
U.S. experts have called for a tightening of anti-money laundering rules as part of a renewed sanctions program, although fears remain over potential unintended consequences the move could have.
The EU has finally introduced new anti-money laundering rules for payment firms operating through networks of agents or distributors, more than a year after a final draft text was submitted to the...
Proposed EU crowdfunding rules promise tighter requirements for the sector, but also suggest a growing consensus on the forward direction of regulation on virtual currencies and initial coin...
On August 14, 2018, a royal decree on the modalities of operation of the ultimate beneficial owner (UBO) register was published in the Belgian official gazette. ...
The European Commission has indicated that amendments will likely be made to existing anti-money laundering (AML) laws so that third-party providers accessing account data are kept out of scope.
The European Parliament has criticised the direction of travel of the European Commission’s work on virtual currency regulation, arguing that stronger registration requirements are needed to combat...
European police have carried out the continent’s largest ever seizure of virtual currency, confiscating various tokens worth more than €4.5m that had been used to launder the proceeds of illicit...
A senior European Commission official has reassured parliamentarians that countries added to an enhanced EU blacklist of high-risk jurisdictions “will not be taken by surprise” by the decision.
On June 19, 2018, the 5th Anti-Money Laundering Directive (Directive (EU) 2018/843) (5th AMLD), amending Directive 2015/849, was published in Official Journal L156 of the European Union....
The UK should implement new European legislation on virtual currencies as soon as possible and regardless of Brexit, industry figures told the Commons Treasury Committee on Wednesday.
On December 19, 2017 a political agreement has been reached between the presidency of the European Council and the European Parliament on amendments to the 4th Anti-Money Laundering Directive (4th...
Experts have warned that the EU’s efforts to bring virtual currencies within its anti-money laundering regime will likely be out of date as soon as they come in, pointing to advances in other...

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