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EU tightens AML rules for crypto and luxury markets

January 18, 2024


The European Union has reached a provisional deal to improve how national authorities collaborate to combat money laundering.

It’s worth noting that the new deal aims to combat money laundering in the cryptocurrency and luxury sectors. Following negotiations that concluded in the early hours of 18 January 2024, representatives from EU member states and the European Parliament sought to address the existing variations in national approaches to combatting money laundering. Belgium’s finance minister and holder of the EU presidency emphasised the significance of the agreement in preventing fraudsters, organised crime, and terrorists from legitimising their proceeds through the financial system.

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