The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect January 10. The regulation was entered as law on July 9, 2018 in an effort to bring increased transparency to financial transactions for pushing back against money laundering and…
Recent research by the European Central Bank (ECB) claims that it is possible to develop a central bank digital currency (CBDC) payment system that protects user privacy. Per the report dubbed “Exploring anonymity in central bank digital currencies,” the European…
Kenneth Blanco – Director of The US Financial Crimes Enforcement Network (FinCEN) ) – said that Anti-Money Laundering (AML) laws will be strictly enforced in the world of cryptocurrencies. On Nov 15, Blanco made clear that cryptocurrency companies engaged in…
Anti-Money Laundering (AML) laws apply to everyone. The US Financial Crimes Enforcement Network (FinCEN) Director Kenneth Blanco spoke at the University of Georgetown where he made it clear. On Oct. 21, banking trade publication American Banker reported that Blanco said that fintech…