Abstract

The article analyses the planned legislative efforts of the European Union as regards changes in the AML/CFT system. It addresses issues that are important from the point of view of the obligated institutions, which, after the potential entry into force of the proposal, will have to remodel significantly the existing processes for counteracting money laundering and financing terrorism. The article also addresses the issue of the AML/CFT regulations applying to entities from the crypto-assets industry, to which so far these regulations have applied in a limited way.