Key Highlights: The European Union Anti-Money Laundering Authority (AMLA) has proposed mandatory customer due diligence for online gambling transactions. Under the proposed framework, operators would be required to verify customers when transactions reach or exceed a €2,000 threshold. The measure was detailed in a draft report on regulatory technical standards presented by AMLA in October. ...
Key Highlights: The European Union and eight partner nations have signed an Additional Protocol to modernize the Council of Europe’s Warsaw Convention. Signatories include Georgia, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino, and the United Kingdom, alongside the EU. The updated framework targets the cross-border laundering of illicit funds and terrorist financing involving digital assets ...
Key Highlights: The European Union and eight partner nations have signed an Additional Protocol to modernize the Council of Europe’s Warsaw Convention. Signatories include Georgia, Greece, Hungary, Luxembourg, Monaco, Montenegro, San Marino, the United Kingdom, and the EU. The treaty expansion focuses on cross-border asset recovery, combating the use of cryptocurrency assets for illicit purposes, ...
Key Highlights: The Irish Presidency of the Council of the European Union excluded a proposed EU-wide online gambling levy from its initial budget framework. Ireland serves as the chief negotiator for the upcoming 2028–2034 Multiannual Financial Framework. A draft spending ceiling of €1 trillion has been presented by Irish negotiators to guide the multiannual budget ...
Key Highlights: The European Securities and Markets Authority (ESMA) has issued updated guidance targeting crypto-asset service providers handling unauthorized stablecoins under the Markets in Crypto-Assets (MiCA) framework. Crypto firms must establish technical, contractual, and organizational controls to block European Union clients from purchasing or expanding exposure to non-compliant tokens. Firms are permitted to facilitate temporary, ...