Roberto de la Cruz explains how Blockchain impacts on the 5th EU directive on Anti Money Laundering. The article was published by Citywire, magazine specialized in asset management.
The CEO of RiskMS, Roberto de la Cruz, has written about the great advances are occuring in blockchain. This increase could be dangerous, due to its opaque nature and difficult tracking, but the 5th European Directive has achieved it’s safe. Now, sites that works with virtual money will have to apply due diligence controls
The risks of criminal actions, such as money laundering or the financing of illicit activities through blockchain, would disappear thanks to this new Directive. Small steps, but in a good direction.