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The fight against money laundering and the financing of terrorism is being addressed from multiple fronts. From private initiatives that promote and encourage the prevention of money laundering, to international institutions or national governments that apply and enforce prevention regulations. Among all these actors, supervisory authorities stand out as the link between public and private sector entities.
Continue reading “European Banking Authority”Fecha de última actualización: 02/10/2024
With more than 70 members, the Financial Action Task Force — FATF — stands as the international body that sets the standards and guidelines to prevent money laundering and terrorist financing. This organization, through its recommendations, significantly influences the legislative framework for preventing money laundering in many current states.
Continue reading “Financial Action Task Force, FATF”
On January 10, the deadline for the transposition of the so-called “Fifth Directive” regarding the prevention of money laundering and terrorist financing concluded — Directive 2018/843 —.
Continue reading “Fifth Directive, new Obligated Entities”
Cryptocurrencies like Bitcoin can be potential tools used by criminals to launder proceeds from illegal activities. This assertion was already noted by the Financial Action Task Force (FATF) in 2014, stating that cryptocurrencies are “potentially vulnerable to money laundering and terrorist financing abuse,” and emphasizing the need for legislation and preventive measures regarding these assets.
Continue reading “Cryptocurrencies and the prevention of money laundering”