EU’s sweeping Anti-Money Laundering Act tightens crypto and cash rules by 2027
The European Parliament has taken a major step in tightening financial regulations. On 19 March 2024, key committees voted overwhelmingly in favour of a new Anti-Money Laundering Act. The rules will reshape how cash and cryptocurrency transactions are monitored across the EU—with some changes already set for 2025 and others rolling out by 2027.
The first wave of reforms under the Markets in Crypto-Assets Regulation (MiCA) will take effect in early 2025. This will be followed by stricter monitoring of crypto-transfers within the EU, known as DAC8, in early 2026. Meanwhile, the broader Anti-Money Laundering Regulation (AMLR) is expected to become legally binding between 2026 and 2027.
The EU’s financial crackdown is now in motion, with phased rollouts over the next three years. Anonymous crypto transfers to hosted wallets will be blocked entirely, while cash payments face tighter restrictions. The full effects of the Anti-Money Laundering Act will become clearer once AMLR takes full legal force between 2026 and 2027.
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