AML

The Markets in Crypto-Assets Regulation (MiCA) coming into force at the end of 2024, mandates comprehensive and stringent compliance measures for all crypto-asset service providers (CASPs) within the EU. MiCA aims to standardize regulatory frameworks across the EU, enhancing market integrity, consumer protection, and operational transparency.

Money laundering is one of the most serious financial crimes, which can lead to the collapse of financial institutions and nationwide crises. In this article, we’ll help you figure out what is money laundering and how to protect your business from it.

The article provides insights into anti-money laundering (AML), starting with the concept of money laundering as the illicit concealment of unlawfully acquired funds. It explains AML as efforts to prevent and combat financial crimes associated with money laundering, emphasizing the legal obligations of financial institutions.