Anti-Financial Crime & Financial Crime Compliance
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EU, EU/Europe, Financial Crime

INSIGHT: Tougher EU money laundering rules target crypto and oligarchs’ ‘favourite toys’

By AML Intelligence Correspondent

The European Union on Thursday agreed tougher anti-money laundering rules for cryptoassets and dealers in luxury cars and yachts, warning that oligarchs and criminals could no longer hide in the 27-country bloc.

Representatives of EU states and the European Parliament reached a deal on the new framework in negotiations that concluded in the early hours.

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