INTERNATIONAL REGULATORY ROUND UP – EU MINISTERS APPROVE 5AMLD REFORMS
May 1st, 2018
THE EUROPEAN Union (EU) Council of Ministers has approved a fifth anti-money laundering directive (5AMLD). Its reforms include broadening public access to beneficial ownership information so that the public can learn the name, month and year of birth, country of residence and nationality of beneficial owners, plus the nature and extent of their beneficial interest.
Also, EU member states shall register exchange services between virtual currencies and fiat currencies. And EU financial intelligence units (FIUs) shall exchange information related to money ...
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