Crypto-assets, fiat currency and aliens – some notes on the MiCAR (1)
At the end of September 2020, the European Commission presented its draft for a “Regulation on markets in…
Section 154 AO German Fiscal Code: Small change, big cost
As part of the implementation of the 5th Anti-Money Laundering Directive, the German legislator introduced a small change…
New year, new law for the implementation of the fifth Anti-Money Laundering Directive
On 1 January 2020, the new Act on the Implementation of the fifth Anti-Money Laundering Directive (5AMLD) entered…
Draft law to implement the 5th Anti-Money Laundering Directive – what is coming and what will remain the same?
On 20 May 2019, the German Federal Ministry of Finance (BMF) presented its draft for the implementation of…
5th Anti-Money Laundering Directive – a summary of the main points
On 19 June 2018 the 5th Anti-Money Laundering Directive was published in the Official Journal of the EU…
Virtual currencies deciphered (1) – the new legal definition and AMLD5
It is not only the Prussians who are quick to shoot, but the European Commission, too. To put…
AML5 update: 5th Anti Money Laundering Directive adopted
5th Anti Money Laundering Directive (AML5) tightens requirements for anonymous e-money and makes cryptocurrency platforms and wallet providers…
AML and PSD2 – The End of E-Money?
Full KYC and e-money business are not best friends. However, the obligation to apply SCA to e-money transactions under PSD2 could be a deathblow.
Proposal for a fifth AML Directive – Impacts on the E-money Business
If the “killer” provision of Article 12 of 5AMLD will come into force, it will massively impact the European e-money business. No thresholds and full KYC.