EU politicians back plan for new AML authority

Proposals include tougher transparency requirements and crypto transaction limits

weaponisation of money

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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