The European Commission has set out new legislative proposals to strengthen its anti-money laundering (AML) and countering terrorism financing (CFT) rules to tackle financial crime. A key element of those proposals includes changes to make crypto asset transfers more traceable and secure by forcing companies to collect certain details on recipients and senders. The new proposals will be examined by the European Parliament and Council, and if passed, they could come into force in 2024. Forrester analyst Martha Bennett warns that loopholes may still remain that cybercriminals will take advantage of.”]