AMLA Authority

Definition ∞ The Anti-Money Laundering Authority (AMLA) is a new European Union agency. This entity centralizes oversight of anti-money laundering and counter-terrorist financing efforts across the EU, directly supervising high-risk financial entities, including certain cryptocurrency service providers. Its establishment aims to harmonize regulatory enforcement and prevent financial crimes within the digital asset sector.
Context ∞ The AMLA’s formation represents a significant regulatory development, impacting compliance requirements for digital asset firms operating within the EU. Its ongoing implementation and the scope of its direct supervisory powers over crypto entities are closely watched for their influence on market structure and operational standards.