PSD2 has already had a significant impact on the payments industry, but what is PSD2, and how does it affect how firms implement AML compliance? The European Commission adopted the Payment Services Directive 2 (PSD2) in 2015, replacing the original […]
The Financial Action Task Force (FATF) is an international, intergovernmental body dedicated to combating money laundering and the financing of terrorism. Established in 1989, the FATF works to align international AML/CFT standards across its 37 current member states by issuing […]
Global AML Regulations: What You Need To Know Wherever you do business, achieving AML compliance means dealing with financial regulators and understanding legislation imposed at a national and international level. With so much legislative ground to cover, our guide to the […]
Managing GDPR AML Challenges With new regulations in effect, financial institutions in the EU and beyond must manage their GDPR AML compliance obligations in a new data protection regime. What is GDPR? The General Data Protection Regulation (GDPR) was implemented […]
Is cryptocurrency legal in Luxembourg? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, must register with the CSSF There are no specific Luxembourg cryptocurrency regulations but the government’s legislative attitude towards cryptocurrencies is generally progressive. Finance Minister Pierre Gramegna has commented […]
Is Cryptocurrency Legal in Gibraltar? Cryptocurrencies: Not considered legal tender Cryptocurrency exchanges: Legal, must register with the GFSC Gibraltar is a global leader in cryptocurrency regulation: while cryptocurrency is not considered legal tender in the country, cryptocurrency exchanges are legal […]
Is Cryptocurrency Legal in Malta? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, regulated under the VFA Act Malta has taken a very progressive approach to cryptocurrencies, positioning itself as a global leader in crypto regulation. While cryptocurrencies are not legal […]
Is Cryptocurrency Legal in Estonia? Cryptocurrencies: Not legal tender Cryptocurrency exchanges: Legal, must register with the Financial Intelligence Unit (supervised by Financial Supervisory Authority). Estonia cryptocurrency regulations are open and innovative, especially in comparison to other EU member-states. Although not […]
Asia is the world’s largest trading market for cryptocurrency, and it has one of its most diverse regulatory environments. Crypto regulations in Asia fall across a spectrum. While many territories have paved the way for the adoption of cryptocurrencies, others […]
Australia’s anti-financial crime regime underwent significant changes in 2024. The Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) Amendment Act, a major update to the country’s central piece of AML legislation, passed in December, prompting firms across the financial services landscape to […]
Is cryptocurrency legal in Latin America? Cryptocurrencies: Laws vary by country Cryptocurrency exchanges: Regulation, laws vary by country Latin America cryptocurrency regulations run the legislative spectrum. Those countries with harsher regulations include Bolivia which has comprehensively banned cryptocurrencies and exchanges, […]
The cryptocurrency and virtual asset market in the European Union (EU) has become a huge one, with projected revenues set to reach around €22.5 billion, according to some sources. Momentum in the region is unlikely to dissipate, particularly with the […]
