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Title:

Cryptocurrencies and anti-money laundering: the shortcomings of the fifth AML Directive (EU) and how to address them

Document type:
Zeitschriftenaufsatz
Author(s):
Haffke, L.; Fromberger, M.; Zimmermann, P.
Non-TUM Co-author(s):
nein
Cooperation:
-
Abstract:
Virtual currencies pose a serious threat to be used for money laundering, weakening the European Union’s financial system. Directive (EU) 2018/843 (the fifth anti-money laundering Directive) intends to mitigate these risks by introducing a definition of virtual currencies within Union law. Some service providers connected to virtual currencies are made subject to anti-money laundering law. Member States are required to transpose this Directive into national law by January 2020. Consultations on...     »
Keywords:
Money laundering; Anti-money laundering (AML); Virtual currencies; Cryptocurrency; Token; Blockchain
Intellectual Contribution:
Discipline-based Research
Journal title:
Journal of Banking Regulation
Journal listet in FT50 ranking:
nein
Year:
2020
Journal volume:
21
Journal issue:
2
Pages contribution:
125-138
Fulltext / DOI:
doi:10.1057/s41261-019-00101-4
Publisher:
Springer Nature
E-ISSN:
1745-64521750-2071
Date of publication:
13.04.2019
Judgement review:
0
Key publication:
Nein
Peer reviewed:
Ja
International:
Ja
Book review:
Nein
Commissioned:
not commissioned
Professional Journal:
Nein
Technology:
Ja
Interdisciplinarity:
Ja
Mission statement:
;
Ethics and Sustainability:
Nein
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