EU politicians back plan for new AML authority
On March 28, members of the European Parliament voted on draft anti-money laundering and countering the financing of terrorism (AML/CFT) legislation, including plans for a new AML watchdog.
Key features of three proposed laws – to be debated in a plenary session in April – include the establishment of a European Anti-Money Laundering Authority (Amla), limits on anonymous crypto transactions and a new transnational register of beneficial owners accessible to individuals and organisations with a
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