Recently, a number of European countries, including the U.K. and Germany, have enacted revised anti-money laundering laws implementing the European Union’s (“EU”) 5th Anti-Money Laundering Directive…
A few weeks ago we wrote about the skepticism Libra, Facebook’s proposed cryptocurrency, faced from U.S. regulators. Since then, Libra’s unpopularity has spread across the Atlantic.
On December 19, 2018, the European Union reached a preliminary deal that would strengthen the European Banking Authority’s (“EBA”) ability to combat money laundering.
On November 6, 2018, the European Council adopted new regulations designed to streamline cross-border asset seizures.
In the wake of several high-profile money laundering scandals involving European banks, the Council of the European Union recently adopted a new anti-money laundering initiative.