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‘Align tax reporting and AML frameworks for virtual assets’ EBF says in latest round of recommendations to ensure fairer, more efficient system

By Dan Byrne for AMLi

IF THE EU’S reporting frameworks are to be extended to virtual assets, then those frameworks should align with the bloc’s efforts to tackle dirty money, the European Banking Federation has said.

The representative body for banks throughout the EU has this week issued a large set of recommendations for the future of the bloc’s tax affairs and governance – intended to ensure a “fairer and more efficient” system going forward.

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