Two legislative committees of the European Parliament on Tuesday adopted three main texts that are part of a broad anti-money laundering legislative package that also applies to cryptocurrencies, PANews reported. The agreement will require crypto service providers to comply with customer verification requirements and monitor cross-border transfers and transactions involving self-hosted wallets. The wider package also establishes an anti-money laundering agency (AMLA) based in Frankfurt, Germany. The three documents voted on Tuesday are crucial to the EU's fight against money laundering and will create a single rulebook to harmonize implementation across the bloc.
