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

Koen Byttebier (Department of Law and Criminology, VUB, Brussels, Belgium)
Konstantinos Adamos (Department of Law and Criminology, VUB, Brussels, Belgium)

Journal of Financial Crime

ISSN: 1359-0790

Article publication date: 27 December 2022

44

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).

Keywords

Acknowledgements

The legal and regulatory position reflected in this article remains accurate as of the time of publication. However, certain more recent legislative developments in this area, such as the recently announced digital euro, have not been included and the authors intend to address them in a separate contribution, in due course.

Citation

Byttebier, K. and Adamos, K. (2022), "Cryptoassets – a new frontier for money laundering and terrorist financing: legal changes to address the increasing AML risk", Journal of Financial Crime, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFC-10-2022-0262

Publisher

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Emerald Publishing Limited

Copyright © 2022, Emerald Publishing Limited

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