EU Crypto Laundering Plans Could Overwhelm Authorities, Bank Regulator Says

“It’s very resource intensive,” said Neto, who is an anti-money laundering data specialist. “Who’s going to handle this? … If it’s going to be the competent authority, what are they going to do with that information?” A requirement to report missing data to the authorities was “amazing in theory,” but might not be practical, she added.

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