EU CREATES SINGLE AML RULEBOOK IN REGULATORY OVERHAUL
June 22nd, 2024
THE EUROPEAN Union (EU) has now formally approved a single anti-money laundering rulebook centred on an EU Anti-Money Laundering Authority (AMLA) in Frankfurt that should ease compliance for international firms operating across the bloc. The package also includes a regulation on the traceability of funds and crypto-asset transfers, which will ensure that crypto-trading is traceable making it easier to identify and block suspicious transactions.
THE NEW harmonised EU rules are set out in the anti-money laundering (AML) and AMLA regulations that the EU ...
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