By AML Intelligence Correspondents

EUROPE’s new AML Authority (AMLA) today warned that CASPs “are exposed to significant money laundering and terrorist financing (ML/TF) risks.”

In a statement the agency said “cryptocurrencies’ technological features, cross-border operations and anonymity-enhancing capabilities pose major risks.

Crypto-asset service providers (CASPs) and their supervision are therefore featuring prominently in AMLA’s recently published “Work Programme for 2025”, the Frankfurt-based authority said.

“It is essential that in the light of a new regulatory framework and major transformation of the crypto-assets sector, Europe is adequately protected from the risks of money laundering…