EU Delays Changes To Money Laundering Laws Till July

By Mark Taylor (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....

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