The European Union Legislative Framework against Money Laundering via crypto currencies

Digital currencies are often used for money laundering and terrorist financing. Anonymity and decentralization of their structure makes them particularly suitable for criminal activities, therefore, digital currencies and their related services must be within the framework of anti-money laundering and terrorist financing laws (AML) to be placed. In this article, we will examine the anti-money laundering laws of the European Union against digital currencies. In the European Union, there are various directives to combat money laundering, and from the fifth directive, digital currencies were defined as a means of money laundering. The ۵th Anti-Money Laundering Directive (AMLD۵) is an update to the European Union’s anti-money laundering (AML) legal framework. It was first published on June ۱۹th, ۲۰۱۸ in the Official Journal of the European Union as an interaction of the ۴th Anti-Money Laundering Directive (AMLD۴). AMLD۵ was followed a few months later in November ۲۰۱۸ by the ۶th Anti-Money Laundering Directive (AMLD۶). In this article, we examine the history of anti-money laundering directives in the European Union, especially the fifth anti-money laundering directive related to digital currencies.

کلیدواژه ها:

EU legislation ، money laundering ، digital currencies ، anti-money laundering directive ، AMLD۵.