Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

Governments Begin to Roll Out FATF’s Travel Rule Around the Globe

How is the FATF’s AML guidance being implemented around the world, and what is its impact on the crypto industry? It’s been nearly eight months since the Financial Action Task Force issued its divisive crypto directives, establishing traditional banking regulations within the crypto sector. With the year-long adoption deadline fast approaching, how have the world’s regulatory authorities responded to the guidelines so far?The FATF — an intergovernmental organization tasked with combating money laundering —…

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What The 5th Anti-Money Laundering Directive Means For Crypto Businesses

What The 5th Anti-Money Laundering Directive Means For Crypto Businesses

5AMLD comes into effect on Jan. 10, and cryptocurrency service providers are required to go along with it. The European Union’s 5th Anti-Money Laundering Directive (5AMLD) came into effect today, 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 terrorist financing across Europe.For the first time, 5AMLD is broadening its regulatory scope by including…

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