5AMLD

Ireland, For the first time, Irish crypto firms must comply with anti-money laundering laws

For the first time, Irish crypto firms must comply with anti-money laundering laws

For the first time, Ireland’s crypto businesses have been subjected to regulatory oversight. With local digital asset firms now adhering to EU anti-money laundering guidelines. The Criminal Justice Money Laundering and Terrorist Financing Amendment Act of 2021 transposed the EU’s Fifth Anti-Money Laundering Directive, or 5AMLD, into Irish law on April 23. Virtual Asset Service […]

UK adds further regulation to already strict 5AMLD guidelines

UK Adds Further Regulation to Already-Strict 5AMLD Guidelines

To combat the alleged risks associated with crypto-assets and their networks, Her Majesty’s Treasury, the United Kingdom’s finance and economics department, has added additional measures. The new Money Laundering Regulations, or MLRs position the U.K’s Financial Conduct Authority (FCA) as the Anti-Money Laundering (AML) overseer for certain crypto objectives, Director of Retail and Regulatory Investigations, […]