Willmartinzo
Contributor
The European Parliament has approved a comprehensive set of anti-money laundering laws targeting various financial services, including #crypto.
The new laws mandate enhanced due diligence and customer checks for #crypto firms, aligning them with traditional financial entities like banks.
Journalists and other interested entities will have free and direct access to beneficial ownership information in national registries, aiming to increase transparency.
An anti-money laundering authority based in Frankfurt will oversee the implementation of the regulations, particularly targeting entities deemed as high-risk.
The new laws mandate enhanced due diligence and customer checks for #crypto firms, aligning them with traditional financial entities like banks.
Journalists and other interested entities will have free and direct access to beneficial ownership information in national registries, aiming to increase transparency.
An anti-money laundering authority based in Frankfurt will oversee the implementation of the regulations, particularly targeting entities deemed as high-risk.