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Home » European Banking Authority Calls for Enhanced Anti-Money … – Cryptonews

European Banking Authority Calls for Enhanced Anti-Money … – Cryptonews

European Banking Authority Calls for Enhanced Anti-Money … – Cryptonews

Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission.Source: AdobeStock / rarrarorroThe European Banking Authority (EBA) aims to update the Anti-Money Laundering and Combatting the Financing of Terrorism (AML/CFT) rules for crypto providers. In a consultation paper released on November 24, the banking regulator of the European Union acknowledged that current EU regulations lack the necessary teeth to ensure compliance with AML/CFT standards in the crypto industry. Interested parties have until… 

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