Europe Starts War Against Illegal Activities Using Crypto

[Goodcat49]

In Europe alone, cryptocurrencies are estimated to be facilitating by around 4 percent of all money laundering undertakings. In June last year, the European Union (EU) completed the 5th Anti-Money Laundering Directive (AML5) in an attempt to address the malevolent activities.

The European Commission approved its new list of 23 countries with premeditated paucities in their anti-money laundering (AML) and counter-terrorist financing (CTF) contexts.   

Věra Jourová, Commissioner for Justice, Consumers and Gender Equality revealed:   

“We have established the strongest AML standards in the world, but we have to make sure that dirty money from other nations does not find its way to our financial system. Dirty money is the lifeblood of organized crime and terrorism. I invite the countries listed to remedy their deficiencies swiftly. The Commission stands ready to work closely with them to address these issues in our mutual interest."   

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/europe-starts-war/