Written by Zoltan Vardaistaff writerReviewed by Yohan Yunstaff writer

Written by Zoltan Vardaistaff writer

Reviewed by Yohan Yunstaff writer

Crypto firms face AML risks during post-MiCA migration, says AMLA chair

Latest NewsPublishedJul 15, 2026

AMLA is expanding its crypto oversight as firms complete the transition to the EU’s MiCA licensing regime.

Mass user migration following the end of the Markets in Crypto-Assets Regulation (MiCA) transitional period could strain compliance at virtual asset service providers (VASPs) in the European Union, as reported by Bruna Szego, chair of the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). 

“Because we know customers will rush to withdraw, this will put additional pressure on these VASPs,” Szego stated during a Wednesday briefing with the European Parliament’s Committee on Economic and Monetary Affairs.

Szego stated firms winding down their EU operations could come under pressure as customers rush to withdraw, while licensed crypto companies could face onboarding challenges as they absorb new users. She urged service providers to maintain efficient compliance procedures throughout the transition.

MiCA’s 18-month transitional period ended on July 1, requiring crypto asset service providers (CASPs) to hold licenses to continue serving EU customers. The European Securities and Markets Authority stated crypto service providers that remain unauthorized by the deadline must take “immediate” steps to wind down their EU activities.

Related: Last-minute MiCA approvals mark end of EU transition period

AMLA maps next phase of crypto oversight

Ahead of MiCA’s July 1 deadline, AMLA published an advisory note warning crypto firms about money laundering risks arising from the end of the transitional period. The guidance outlined measures for firms winding down their EU operations and licensed providers onboarding new customers to maintain anti-money laundering controls during the transition.

Szego stated AMLA will publish a report before the end of the year on money laundering risks in the crypto sector and supervisory practices across the bloc. She added that the authority is also expanding its blockchain analytics capabilities to strengthen oversight of crypto-asset service providers.

The report will also assess how national authorities supervise crypto-asset service providers and identify differences in supervisory practices across member states.

Szego stated AMLA intends to utilize the findings to coordinate follow-up work with national regulators where needed as it works toward more consistent anti-money laundering oversight across the bloc.

Magazine: Will the crypto lobby’s $189M campaign get CLARITY over the line?

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• European Union
• AML
• MiCA
• Cryptocurrency Exchange
• Bitcoin Regulation
• Cryptocurrencies
• Regulation

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