Bitcoin aml

bitcoin aml

The Member States should have been transposed this Directive by 10 January These amendments introduce substantial improvement to better equip the Union to prevent the financial system from being used for money laundering and for funding terrorist activities.

bitcoin aml

These amendments will: — enhance transparency by setting up publicly available registers for companies, trusts and other legal arrangements; — enhance the powers of EU Financial Intelligence Units, and provide them with access to broad information for the carrying out of their tasks; — limit the anonymity related to virtual currencies and wallet providers, but also for pre-paid cards; — broaden the criteria for the assessment of high-risk third countries and improve the safeguards for financial transactions to and from such countries; — set up central bank bitcoin aml registries or retrieval systems in all Bitcoin aml States; — improve the cooperation and enhance of information between anti-money laundering supervisors between them and between them and prudential supervisors and the European Central Bank.

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