Cryptoassets are increasingly being adopted into mainstream financial services, but they must be subject to the same anti-money laundering (AML) standards as fiat currencies.
This is all the more important given the relative anonymity and speed crypto transactions offer, which makes them attractive to financial criminals.
It was perhaps unsurprising then, when the sector came into the scope of the EU’s 5th Money Laundering Directive. But rather than seeing 5MLD as a burden, can the agile crypto sector use this as an opportunity to further catalyse their mainstream adoption?
In this webcast, we ask an expert panel to consider:
Why is it so important that crypto firms meet AML and CFT requirements?
What is the role of the regulator in overseeing crypto businesses?
What challenges do cryptos face in achieving compliance in a global market?
Can Blockchain technology give them an AML advantage?
AML Compliance for Cryptoasset Service Providers
Comply with money laundering regulation and minimise the impact on your customers.
7 ways challenger banks can rise to FCA’s call for more effective AML controls
In its latest reproach of the AML regulated UK financial service sector, the FCA recently published a report highlighting systemic failings among Fintechs and Challenger Banks to implement robust AML controls in line with money-laundering regulations.
Sanction evasions, regulatory updates and cryptocurrency conundrums
Naturally, recent financial crime news has been dominated by the shocking invasion of Ukraine by Russia, elsewhere in this edition we look at the ever-evolving role of the compliance officer and cover some of the latest updates in our Regulatory review.