In line with an EU directive, the UK must transpose the Fifth Anti-Money Laundering Directive (5MLD) into UK law by 10th January 2020. This consultation allows CryptoUK and others to contribute to HM Treasury’s interpretation of the directive, and its proposals for compliance, long with additional measures beyond those demanded at the EU level. Many of the proposed changes go further than 5MLD, with the UK’s work with the international Financial Action Taskforce (FATF) also playing a key role.