eu bitcoin

The European Commission has published an Action Plan for a comprehensive Union policy on preventing Money Laundering and Terrorist Financing (ML/TF) built on six pillars:

1. Ensuring the effective implementation of the existing EU AML/CFT framework;

2. Establishing an EU single rule book on AML/CFT;

3. Bringing about EU level AML/CFT supervision;

4. Establishing a support and cooperation mechanism for FIUs;

5. Enforcing Union-level criminal law provisions and information exchange;

6. Strengthening the international dimension of the EU AML/CFT framework.

The Commission has also published a related Public Consultation inviting stakeholders to give feedback on the Action Plan of which the deadline is 29 July 2020.