The EU Parliament passed laws to strengthen AML and terrorist financing measures, impacting cryptocurrency. Enhanced due diligence and identity checks are required, with obligated entities reporting suspicious activities to FIUs.

FIUs gain more power to detect money laundering and terrorist financing, and AMLA will supervise and enforce these rules from Frankfurt. The laws include the sixth AML directive, single rulebook regulation, and AMLA regulation. Access to beneficial ownership information is granted to certain parties, and vigilance measures target ultra-rich individuals and cash payments. Football clubs must verify identities and report suspicious transactions starting 2029. Ilya Brovin of Sumsub lauds the regulations for combating criminal exploitation of technology.