The EU Looks to Overhaul their AML and CTF Approach

The EU’s AML regulations are often interpreted differently from one nation to the next, and legislative gaps in one country can lead to negative impacts across the EU.
As a result, the EU is looking to overhaul its AML and CTF approach. The new proposal will help standardize practices and improve their efforts to combat crime in the financial systems. These new measures will address emerging challenges with virtual currencies, the global nature of financial crimes, and the consistent application across borders.