EU PARLIAMENT-COMMISSIONED REPORT ON VIRTUAL CURRENCIES AND TERRORIST FINANCING

On 6th June, Herbert Smith Freehills published a briefing that says that the EU Parliament’s internal Think Tank has published a study commissioned by Parliament’s special Committee on Terrorism (TERR) into virtual currencies and terrorist financing.  The report describes virtual currencies, assesses the risks associated with them, outlines the legal and regulatory mechanisms (FATF, EU’s 5th Money Laundering Directive, etc), Discusses pan-EU co-operation between law enforcement and the role of public-private partnerships, and makes policy and regulation recommendations.

https://hsfnotes.com/fsrandcorpcrime/2018/06/06/eu-parliament-commissioned-report-virtual-currencies-and-terrorist-financing/#page=1

The report is available at –

http://www.europarl.europa.eu/RegData/etudes/STUD/2018/604970/IPOL_STU(2018)604970_EN.pdf

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017