With a package of four legislative proposals, a new regulatory and institutional framework for Aml/Cft is launched within the Eu. A single code for all States, with more specific provisions on customer due diligence, beneficial ownership and politically exposed persons, abuse of bearer instruments and a maximum limit for cash. The rules are extended to the entire crypto-asset sector, to crowdfunding platforms, to operators providing migration services. The new European authority will transform supervision and strengthen cooperation between national Financial intelligence units.
