CoinDesk: German authorities shut down hundreds of crypto hubs laundering US$1.9 b amid increasing crypto AML enforcement and EU pressure on non-compliant platforms

This crackdown comes as part of a broader effort to strengthen anti-money laundering (AML) measures in the crypto space, driven by growing concerns over the use of decentralized financial systems for criminal activities. With mounting pressure from the European Union to enforce stricter compliance standards, German authorities have targeted non-compliant platforms, aiming to disrupt the flow of illicit funds and prevent further exploitation…