A Guide to Anti-Money Laundering for Crypto Firms
A Guide to the 6th Anti-Money Laundering Directive
Since 1991, the EU’s strategy for tackling money laundering has centered on the transposition of a succession of Anti-Money Laundering Directives into the national laws of the member states. 5AMLD extended existing AML regulations to cryptocurrencies and cryptocurrency exchanges, along with improved access to data on corporate ownership and PEPs. However, there is a lack of legislative consistency on money laundering offenses across the EU.
6AMLD, which came into force in December 2021, seeks to address these issues by harmonizing the definitions of money laundering offenses, extending criminal liability to legal persons, establishing tougher punishments, and by enhancing cooperation between states for the prosecution of financial crime.
Fill in your details and we will email you a copy of the report, covering the following topics:
- The EU and AMLDs
- Why 6AMLD?
- 6AMLD: The changes
- Responsibilities and Opportunities
- Special Challenges
- Future developments
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