EU sends warning to crypto platforms over AML risks
Crypto firms will be required to block anonymous wallets and comply with tougher data-sharing rules by 2027.
The EU’s Anti-Money Laundering Authority (AMLA) has warned that fragmented oversight and inconsistent rules pose significant risks to the bloc’s financial integrity. Chair Bruna Szego urged regulators and crypto firms to prepare for stricter anti-money laundering rules.
The Frankfurt-based agency, now operational, will oversee the enforcement of new EU-wide anti-money laundering regulations. Szego stressed the importance of identifying the beneficial owners of crypto platforms and ensuring they are not linked to criminal networks.
Concerns over inconsistent controls across EU countries and diverging interpretations of MiCA requirements have grown. Crypto firms must be prepared to meet the different standards across all jurisdictions they plan to operate.
From July 2027, crypto platforms will be required to block anonymous wallets and provide authorities with complete, real-time access to account data.
Major firms like Binance have already faced regulatory penalties, with ongoing investigations highlighting the rising pressure on the sector.
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