European Union’s new AML/CFT Legislative Package

The EU’s new AML/CFT legislative package strengthens transparency and accountability amid evolving financial crime risks. Key updates include a Single Rulebook for uniform customer due diligence, expanded coverage to cryptocurrency providers, football clubs, and tax advisors, stricter cash transaction limits, enhanced monitoring of high-risk countries, mandatory use of digital tools, and the creation of AMLA, the new European Anti-Money Laundering Authority.

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