French MEP Aurore Lalucq has warned the EU’s new Anti-Money Laundering Authority (AMLA) that organised crime’s use of stablecoins to launder money poses a grave threat. Speaking at AMLA’s inaugural conference in Frankfurt, Lalucq described the risks as “terrifying,” urging the authority to take decisive action against criminal groups exploiting cryptocurrencies and stablecoins to move illicit funds. AMLA, the EU’s recently established body tasked with combating financial crime, faces mounting pressure to address the growing intersection of digital assets and organised crime.
In-Depth:
By PAUL O’DONOGHUE, Senior Correspondent
AMLA, the EU’s new AML Authority, must crack down on organised crime groups utilizing stablecoins to relocate dirty money, according to French MEP Aurore Lalucq.
“The risks we are witnessing today regarding organized crime links to crypto and stablecoin are terrifying,” she declared at the inaugural AMLA conference in Frankfurt.
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