PIMFA’s response to HM Treasury’s consultation on the Transposition of the Fifth Money Laundering Directive
PIMFA’s response to HM Treasury’s consultation on the Transposition of the Fifth Money Laundering Directive. Our responses include; The 5MLD definition of virtual currencies is not appropriate and needs to be amended in order to capture all three types of cryptoassets; In our view cryptoasset distribution mechanisms should be required to fulfil AML/CTF obligations just like any other business issuing or distributing financial instruments; and Discrepancies in standards across different sectors would not help a process, such as that of electronic identification, which for its very nature calls for harmonisation
You may also be interested in
Future of Advice
Evolving financial advice models, ensuring accessibility, affordability, and consumer protection in changing markets.
Following from the HUGE success of the PIMFA Women’s Symposium 2025, we are delighted to announce details of the 2026 event. …
£350.00 – £1,100.00
Date & Time: 19th May 2026 (8:00) - 20th May 2026 (17:00)
Location: London excel