Cryptocurrency: Financial Crime Guide

  • Posted on: 20 September 2018
  • Written by: Ben Mason

On the 19th April 2018 the European Parliament adopted the Fifth Money Laundering Directive (MLD5). Anyone who provides services to its clients to exchange fiat currency for cryptocurrency, or provides a wallet to allow clients to store and transfer cryptocurrency, will be impacted by the new money laundering regulations. It is therefore vital that digital and cryptocurrency firms have a thorough understanding about the regulatory requirements and what they need to do to be compliant. This guide explains what you need to do and the key questions you should be asking, in three simple steps:

  1. Know Your Risks

  2. Define Your Financial Crime Prevention Framework

  3. Implement Controls


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