EMEA , Regulation
January 30, 2024

Europe Bolsters AML Defenses: New Regulatory Framework Targets Crypto-Asset Providers

Europe’s Bold Move: Strengthening Anti-Money Laundering Framework in the Crypto Sphere In a significant development for the finance and crypto industry, the European Banking Authority (EBA) is set to extend its anti-money laundering (AML) and terrorist financing guidelines to encompass crypto-asset service providers (CASPs). Slated to take effect from December 30, 2024, this expansion marks […]

EMEA , News By Region , Regulation
January 19, 2024

EU Introduces Stricter AML Rules for Crypto Firms

Revamping Anti-Money Laundering Measures: EU Strengthens Oversight on Crypto Firms In a significant move to bolster anti-money laundering (AML) measures, the European Union has approved a new framework that imposes stricter rules on companies operating within its jurisdiction. This framework, jointly agreed upon by the Council and Parliament, aims to enhance transparency and curb illicit […]