- In July 2018, the EU’s AMLD came into force
- Member States were given until January 2020, to bring in line with the rest of the states their AML and CFT rules.
- There have been clumsiness in compliance with the directive of the E.U especially Ireland.
- Ireland was fined €2 million ($2.24 million) by the European Court of Justice for the delay in complying with the European Union Directive.
- EU member states are likely to see even stricter crypto regulation, with the looming June 3 deadline for adhering to the Sixth Anti-Money Laundering Directive (6AMLD).
- 6AMLD builds upon the previous AML directives and lists 22 offenses, including cybercrime, insider trading and market manipulation, with harsher penalties envisaged.