The new Anti-Money Laundering Authority would comprise the “centerpiece” of a new supervisory system that would include national regulators.
The European Union is looking to launch a new agency designated with cracking down on money laundering at the regional level, with increased reporting requirements around crypto transactions listed among its principal objectives.A July 8 report from Reuters citing leaked EU documents asserts the European Commission is proposing forming a new Anti-Money Laundering Authority (AMLA) that would act as the “centerpiece” of an oversight system also including national regulators. The report also states that European lawmakers are drafting new requirements for virtual asset service providers (VASPs) mandating stringent data collection standards surrounding parties making cryptocurrency transfers. Data collected would also be made accessible to European regulators.The report notes that c
The ‘richcession’ is real—Unemployment is rising for the 6-figure salary set, BofA data shows
People making $125,000 and more are getting laid off faster than anyone else, in a reversal of the…
