AMLA issues advisory note on ML/TF risks from the end of the MiCAR Transitional Period, citing crypto market restructuring risks and calling for stronger supervision, AML/CFT controls, and FIU cooperation

It highlights key risks including weakened AML/CFT controls during wind-downs, potential concealment or movement of illicit funds, increased compliance pressure on authorised CASPs, and supervisory blind spots during market transition. AMLA calls for risk-based customer assessments (not blanket de-risking), strong wind-down procedures, scalable monitoring systems, and enhanced cooperation between supervisors and FIUs to ensure an orderly…