EU Delays Changes To Money Laundering Laws Till July
Law360, London (May 31, 2016, 9:29 PM BST) -- Proposals to broaden incoming money laundering and terrorist financing laws to include bitcoin exchanges and prepaid cards have been delayed until July, the European Commission told Law360 on Tuesday.
EU finance officials had urged the executive body to make changes to the Fourth Anti-Money Laundering Directive (4th AMLD) by the second quarter of 2016 at the latest, but the commission said that there was “still a lot of technical work to be done."
“The amendment of the proposal has been pushed back to early July,” a commission spokesman said, as it continues to work on an impact assessment regarding the changes....
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!