Cryptoassets – a new frontier for money laundering and terrorist financing: legal changes to address the increasing AML risk

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).