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...
source: https://tokenpost.com/Frankfurt-Hosts-EUs-Crypto-Anti-Money-Laundering-Watchdog-11295
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