Open Government Partnership’s Post

Cryptocurrencies and Crime: Risks, Benefits, and Government Action #anonymity #antimoneylaunderingefforts #criminalactivities #cryptocurrencies #financialcrime #governmentcommitment #illicittransactions #Innovation #intersectionofcryptocurrenciesandfinancialcrime #moneylaundering #regulation #regulatoryframework #risksandbenefits #suspiciousactivity #terroristgroups

Cryptocurrencies and Crime: Risks, Benefits, and Government Action #anonymity #antimoneylaunderingefforts #criminalactivities #cryptocurrencies #financialcrime #governmentcommitment #illicittransactions #Innovation #intersectionofcryptocurrenciesandfinancialcrime #moneylaundering #regulation #regulatoryframework #risksandbenefits #suspiciousactivity #terroristgroups

Cryptocurrencies and Crime: Risks, Benefits, and Government Action #anonymity #antimoneylaunderingefforts #criminalactivities #cryptocurrencies #financialcrime #governmentcommitment #illicittransactions #Innovation #intersectionofcryptocurrenciesandfinancialcrime #moneylaundering #regulation #regulatoryframework #risksandbenefits #suspiciousactivity #terroristgroups

My most recent 🌅 OGP Horizons 🌅 piece is about why we need open government approaches to crypto-asset regulation. Highlights: - Many countries are already successfully putting regulations in place to ensure that money laundering rules cover virtual assets. - The article links to a longer explainer with case studies and concrete approaches to involve media, civil society, and watchdog organizations. - Finally, the article offers lessons from other processes (counter terrorism finance, foreign agents registration laws) on how to regulate finance without curbing civil liberties. Thanks to Claudia Marcela Hernández for input.

Understanding the Council of the European Union #MiCA Regulation. Our #GuidehouseExperts explain the highlights of the regulation and what you need to know: https://lnkd.in/exjjKs7b #cryptoassets #compliance

This should be an interesting read… it’s interesting to see how pieces fall into place if you follow the narrative. Keep yourselves up to date with latest approaches to regulations, including of crypto asstets such as $BTC, $ETH etc, especially in light of recently approved $BTC ETFs in US.

We want to hear from you! Views are being sought on the current approach to the oversight of certain crypto-assets for AML/CFT purposes. This includes feedback on potential options for the regulation of such activities – and how the cost of regulation should be funded. A number of options are highlighted in a Discussion Paper published on the Government Engagement Hub. Responses will help to inform consideration of how best to position the Island to take advantage of the opportunities and mitigate the risks associated with crypto-asset businesses. We are inviting further consideration of our current approach, particularly in light of recent international developments, including the adoption of the Markets in Crypto-Assets (‘MiCA’) Regulation, which is scheduled to come into force across EU Member States on 31 December 2024. Respond to the consultation: https://lnkd.in/eyeeUzmw

‼️ The #isleofman FSA are seeking input from industry on the approach to oversight of certain #cryptoassets for #amlcft purposes ✅ This is an important opportunity for businesses to share their views on how supervision might be applied to the sector ⭐️ #amlcompliance #cryptoregulation #outreach

The EU has implemented new regulations to address money-laundering https://lnkd.in/eNBE66zZ #businessfortune #BreakingNews #LatestNews #Eu #MoneyLaundering #implemented #regulations

🌐Moldova - Council of Europe is Empowering Law Enforcement Authorities Against Money Laundering: The Council of #Europe has strengthened the capacity of #Moldova's law enforcement authorities to tackle #MoneyLaundering cases involving virtual assets. Over 30 #LawEnforcement specialists, including prosecutors and investigation officers, underwent specialized training to enhance their knowledge and practical skills in #Detecting and #Investigating such cases. 🚀 Participants included specialists from the National #Anti-Corruption Centre, #Criminal Asset Recovery Agency, Anti-Corruption Prosecutor's Office, and Prosecutor's Office for Combating #OrganizedCrime and #SpecialCases. 💼The training focused on international standards governing #VirtualAssets, providing practical exercises with advanced tools and methods for identifying and managing virtual currencies during #MoneyLaundering #Investigations. 💥Specialized #Analytical software for tracking #Cryptographic transactions through #Blockchains was introduced to equip participants with cutting-edge skills. 🤝 Collaborative Efforts for Good Governance: The event is part of the joint European Union and Council of Europe program "Partnership for Good Governance." This initiative, co-funded by the #EU and the #Council of #Europe, aims to strengthen the anti-money laundering and asset recovery regime in the Republic of #Moldova. 🌐 Global Commitment: As digital landscapes evolve, empowering #LawEnforcement with the knowledge and tools to #Combat emerging #FinancialCrimes becomes paramount. The Council of Europe's proactive approach underscores the commitment to effective governance and combating #illicit financial #Activities. 🛡️ #VirtualAssets #LawEnforcement #AntiMoneyLaundering #FinancialSecurity #Regulation #AML #CFT #EU