Implications of the New E.U. AML Directive

New E.U. anti-money laundering legislation, collectively dubbed the Anti-Money Laundering and Countering the Financing of Terrorism package (AML/CFT Package), is intended to beef up the monitoring of suspicious transactions and to eliminate loopholes that allow for laundering of illicit proceeds. One element of the AML/CFT Package raises data privacy concerns. The Cybersecurity Law Report spoke to experts in the field to understand the implications for international businesses. See “Navigating the Intersection of Digital Assets and AML” (Jun. 29, 2022).

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