The 5MLD are an expansion of current AML/CTF regulations into the cryptocurrency space, and were designed to protect against potential abuses of the technology by criminal actors.
U.S. Undersecretary for Terrorism and Financial Intelligence Sigal Mandelker believes that crypto companies do not pay enough attention to implementing procedures that can deter criminal activities.
The Czech Republic is expected to enforce far stricter oversight of cryptocurrencies than is required according to laws created by the European Union.
Maj Gen Preecha Charoensahayanon believes Thailand needs to focus on crypto money laundering, as its proving popular for criminals.
The licenses, issued by the Federal Financial Supervisory Authority, will become a legal requirement for cryptocurrency businesses from January 2020.
The United Kingdom wants to stamp out criminal money laundering, and its giving police the tools to do it.
Law enforcement in Spain the automated machines operate within an anti-money laundering blind spot that is helping criminals.
The new law will require all crypto exchanges in Canada to verify the identity of any client who transacts more than C$1,000 in crypto.
Bitpont and IndentityMind will work on a system to ensure no criminal activity is happening with their trading.
Authorities have taken down “multi-million Euro cryptocurrency laundering service” Bestmixer.io in what they described as the first law enforcement action of its kind.