Tag Archives: virtual currency

Regulation of Cryptocurrency – Global Team Work.

Karsten Treiber/ December 4, 2018/ Uncategorized

Cryptocurrencies are developed, motivated by the financial crisis in 2008, to be independent of financial institutions or nations and are traded directly between users by peer-to-peer transaction authentication. In recent years the popularity and the use of cryptocurrencies is steadily increasing and so is the pressure for regulations. This challenges traditional methods of banking compliance. The anonymity, liquidity, and borderless

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Fifth Anti-Money Laundering Directive: What Does It Mean for You?

Susanne Hofrichter/ July 30, 2018/ Uncategorized

The EU’s Fifth Anti-Money Laundering Directive is finally here. Published in the Official Journal on June 19 of this year, the new directive became binding on 9 July. The aim? To tighten the screws on terrorist financing and drive up transparency in financial transactions. No small task for those firms affected and yet another compliance hurdle to overcome. And the

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