The EU wants a uniform set of anti-money laundering rules for cryptocurrency exchanges and other financial-technology startups, or fintechs, and to ease their ability to operate by streamlining expectations for onboarding clients remotely, a senior official said Wednesday. On July 6, the Commission will unveil a final plan to address divergence in AML rules across the EU's 27 nations by establishing a uniform set of rules, EU-level supervision for the highest-risk, global financial institutions, and a new mechanism for the bloc's 27 national financial intelligence units to communicate and cooperate. But the plan does not fully address divergences in rules...
A proposed EU-wide anti-money laundering agency that many hope will improve the fight against financial crime, especially across borders, will very likely materialize after the bloc's 27 nations gave initial support in a confidential resolution seen by ACAMS moneylaundering.com.
U.S. authorities have recently intensified their efforts to trace the cryptocurrency payments cybercriminals make to providers of servers, cloud storage and other digital infrastructure, a federal investigator said Tuesday.
print