Legal experts have suggested to EU lawmakers that the scope of the incoming 5th Anti-Money Laundering Directive (5th AMLD) could be revised to include a broader range of cryptocurrency businesses.
On June 4, 2018 the Directorate General for Internal Policies of the European Parliament published a study on "Virtual currencies and terrorist financing: assessing the risks and evaluating...
EU member states must ensure transposition of the 5th Anti-Money Laundering Directive (5th AMLD) is clear and consistent with regard to cryptocurrency firms, according to a report commissioned by...
More than €11bn of suspicious funds were funnelled through Estonian financial institutions between 2011 and 2016 in large-scale laundering schemes, as the Baltic state’s anti-money laundering...
The Foreign Affairs Committee of the House of Commons has published a set of recommendations for countering the flow of dirty Russian money through the UK, following intense questioning of industry...
Despite a raft of urgent EU regulatory reforms aimed at tackling terrorist financing, officials remain concerned about a lack of visible progress at member state level — with cash, prepaid cards...
A UK government inquiry has been warned that weaknesses in supervisory, enforcement and regulatory regimes are making the country’s financial sector a “magnet” for money laundering.
The influential UK-based Electronic Money Association has told an inquiry into cryptocurrencies that regulators should give the technology room to grow, resisting scathing criticism from other...
The European Commission has joined parliamentarians and representatives from Austria in expressing disappointment at the final text of the 5th Anti-Money Laundering Directive (5th AMLD).
Payment and e-money firms passporting throughout Europe are caught in the middle of escalating tensions between home and host regulators, due in part to mistrust over supervision of cross-border...
A European Parliament special committee has accused financial enforcement authorities in three EU member states of failing in their duty to fight financial crime, after major institutions under...
A Financial Conduct Authority (FCA) director has said the use of cryptocurrency for cross-border payments is a "legitimate and economically significant" deployment of the technology.
Latvian authorities, spooked by a recent high-profile failure, have launched a belated assault on the dirty money coursing through the veins of the Baltic nation’s financial system — prompting...
After nearly two years of political wrangling and fraught negotiations the EU has formally approved the 5th Anti-Money Laundering Directive (5th AMLD), giving member states until late next year to...
The EU is finally on the brink of introducing a raft of new anti-money laundering (AML) regulations, including tighter controls on prepaid cards, cross-border payments and virtual currencies.

Pages