A Bit(coin) of A Problem for the EU AML Framework

Citation

Egan M (2018) A Bit(coin) of A Problem for the EU AML Framework. In: King C, Walker C & Gurulé J (eds.) The Palgrave Handbook of Criminal and Terrorism Financing Law. Cham, Switzerland: Palgrave Macmillan, pp. 183-208. https://doi.org/10.1007/978-3-319-64498-1_9

Abstract
This chapter argues that developing a system of regulation that has the potential to be effective in the prevention of exploitation of virtual currency for criminal purposes requires coherent and harmonised conceptual understandings of those currencies transcending jurisdictional boundaries, that are embedded in appropriate legal frameworks, supporting policy, and embraced by practitioners as they make operational choices. However, as will become clear, the coordination of such an approach to virtual currencies and their vulnerabilities is just beginning. 

Keywords
Bitcoin, cryptocurrency, policing

People

Dr Mo Egan

Senior Lecturer, Law