Abstract:
Regulators have been chasing launders for years. The increasing use of crypto assets in illegal trades brought regulators to amend existing procedures and include the new virtual entries. Based on a shared opinion that crypto-assets are here to stay, the purpose of this essay is to describe how the Fifth Anti-Money Laundering Directive and its transposition into Italian law contribute to preventing money laundering practices using crypto assets. In the end, a comparative analysis of the crypto-exchange platforms has been carried out to study how different crypto-exchange platforms comply with the customer due diligence procedures laid down by regulators.
