Cryptoassets – a new frontier for money laundering and terrorist financing: legal changes to address the increasing AML risk
ISSN: 1359-0790
Article publication date: 27 December 2022
Issue publication date: 1 December 2023
Abstract
Purpose
This study aims to provide an overview of the regulatory framework for AML supervision of cryptoassets.
Design/methodology/approach
A review of current legislative framework in the EU is presented in this paper.
Findings
A comprehensive framework is required to ensure that the AML risk posed by cryptoassets is mitigated.
Originality/value
This is an original article written for presentation at the Economic Crime Symposium in Cambridge (Jesus College).
Keywords
Acknowledgements
The legal and regulatory position reflected in this article remains accurate as of the time of publication. However, certain more recent legislative developments in this area, such as the recently announced digital euro, have not been included and the authors intend to address them in a separate contribution, in due course.
Citation
Byttebier, K. and Adamos, K. (2023), "Cryptoassets – a new frontier for money laundering and terrorist financing: legal changes to address the increasing AML risk", Journal of Financial Crime, Vol. 30 No. 6, pp. 1838-1844. https://doi.org/10.1108/JFC-10-2022-0262
Publisher
:Emerald Publishing Limited
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