Frankfurt Hosts EU's Crypto Anti-Money Laundering Watchdog

The European Union has designated Frankfurt, Germany, as the location for its newly established Anti-Money Laundering Authority (AMLA), which will directly oversee the crypto sector. The decision underscores the EUs commitment to bolstering measures against illicit financial activities. Objective of AMLA The Frankfurt-based agency, composed of the authority itself and national authorities from the EUs 27 member states, will ensure compliance with all anti-money laundering and counter-terrorist financing obligations set forth by the bloc. This move reflects the EUs proactive...


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