Working Group: Finance - AML
Government Body: Financial Supervisory Authority
Key Issue: Financial Surveillance
Type of Action: Law
Status: In Force
Next Steps: N/A
Summary: The Act relating to Measures to Combat Money Laundering and Terrorist Financing (The Money Laundering Act - vvl), effective October 15, 2018, provides guidance on the regulation of digital currency services, including exchanges and storage services, with registration required. The amendment to the Money Laundering Act, extends its coverage to the use and issuance of cryptocurrencies.
Date: 18 June 2018