What does 5MLD mean for cryptocurrency firms?
Entering into force in July 2018 after political agreement was reached by the EU Parliament, the Council and the Commission, the EU’s Fifth Money Laundering Directive (5MLD) is intended to be transposed into applicable national law no later than 10th January 2020. The UK implemented 5MLD through the Money Laundering and Terrorist Financing (Amendment) Regulations 2019 (MLRs 2019) for the purpose of ensuring that […]
5MLD – What are the key changes in the Fifth Money Laundering Directive?
Her Majesty’s Treasury published a consultation paper on the UK’s transposition efforts relating to the EU’s 5th Money Laundering Directive (5MLD) earlier this year. The Directive will come into force on 10th January 2020 and contains enhancements to the existing provisions as mandated by the EU’s 4th Money Laundering Directive (4MLD) which was implemented in the UK through […]
