Purpose: Money Laundering Reporting Officers (MLROs) carry out day-to-day anti-money laundering (AML) tasks while directors ultimately remain responsible for AML compliance. Therefore, directors’ expectations of what their MLROs do should ideally coincide with what their actual tasks to...

Initial Coin Offerings (ICOs) are currently one of the most fashionable topics in the area of financial markets. For token issuers, they are a success story. By the end of 2018 nearly $ 30 billion dollars have been raised in ICOs. From the investors' perspective, however, things do not look so...

Initial Coin Offerings (ICOs) are currently one of the most fashionable topics in the area of financial markets. For token issuers, they are a success story. In 2018 alone, more than $ 14 billion dollars have been raised in ICOs. From the investors' perspective, however, things do not look so...

Virtual currencies pose a serious threat to be used for money laundering, weakening the European Union's financial system. Directive (EU) 2018/843 (the fifth anti-money laundering Directive) intends to mitigate these risks by introducing a definition of virtual currencies within Union law. Some...

Initial Coin Offerings (ICOs) are still one of the most fashionable topics in the area of financial markets. For token issuers, they are a continuing to be a success story. In 2019 alone, more than $ 3,3 billion USD have been raised in ICOs. From the investors’ perspective, however, things do...