EU AMLD REVAMP TO TACKLE ANONYMOUS PREPAID CARDS AND BITCOINS
July 1st, 2016
The European Commission is proposing restricting anonymous use of prepaid debit cards and virtual currencies, like Bitcoin, in the latest revamp of European Union (EU) money laundering and terror financing laws. Unveiling proposals yesterday (July 5) to revise the fourth anti-money laundering directive (4AMLD) in Strasbourg, EU justice, consumers and gender equality Commissioner Věra Jourová said the “further step in fighting money laundering and the terror threat” follows the Panama Papers leaks and recent terror attacks, which showed “a strong joint EU ...
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.