VIRTUAL CURRENCIES RECEIVE AML CONTROLS AS EU STRIKES DEAL ON REFORMS TO MONEY LAUNDERING DIRECTIVE

A RAFT of changes to the European Union’s (EU) fourth anti-money laundering directive (4AMLD) have now been agreed, tightening EU dirty and terror money rules following revelations in the Panama and Paradise Papers leaks and rising concern about terrorism. The agreement between the EU Council of Ministers, European Parliament and the European Commission should see the reforms in place within two years – member states will have 18 months to implement them after the council and parliament have formal votes endorsing the package. It includes new rules on ...


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