NEWS: AMLA warns of major risks posed by crypto; ‘strategic priority’ to ensure CASPs play by the rules
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…
