EBA WELCOMES EUROPEAN COMMISSION AMLD4 VIRTUAL CURRENCY PLANS
August 1st, 2016
The European Banking Authority (EBA) has welcomed plans by the European Commission (EC) to widen the European Union’s (EU) Fourth Anti-Money Laundering Directive (AMLD4) to cover virtual currency exchange platforms - such as Bitcoin - and custodian wallet providers.
Thus follows the Commission announcing its reform plans on July 5, following months of discussions triggered by the leaked Panama Papers and the February terror attacks in Brussels
The EBA has also made suggestions designed to help enforce the proposals uniformly across the EU and ensure effective ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.