UK authorities have drawn on developments in regulating online gambling to formulate new know your customer (KYC) requirements for businesses using cryptocurrency.
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 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...
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...
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 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...
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...
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,...
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 ...
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...
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...
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...
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...

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