News, standards updates and audit guidance for crypto-accounting teams, covering reporting, compliance and regulatory developments.
CSSF issues formal warning against unlicensed operator consulting-mla.com, signalling heightened AML/KYC gatekeeping risk for firms onboarding Luxembourg-facing counterparties
EU, US, and UK sanctions against Trickbot/Conti administrator 'Stern' and ransomware enablers trigger OFAC screening, wallet-tagging, and AML obligations for accounting firms, auditors, and CFOs.
MFSA settles with Everest Network Ltd for VFA shareholding and reporting failures, imposing a €40,560 penalty — a concrete compliance benchmark for crypto accounting and legal teams across the EU.
ESMA's common supervisory action on CASP custody resilience raises the compliance bar well beyond MiCA licensing for EU crypto firms and their auditors
Binance's failed MiCA application in Greece and its active pursuit of fresh EU and Asia-Pacific licenses signals a regulatory inflection point that accounting firms, auditors, and CFOs serving crypto-active clients must track closely.
Belgium's FSMA names six unauthorized CASPs just after the MiCA transitional deadline, signalling that enforcement is live and that accounting firms and CFOs with EU crypto-exposed clients must verify CASP authorization status immediately.
Revolut's USDT delisting under its CySEC-issued MiCA CASP licence signals a firm compliance inflection point for accounting firms and CFOs managing stablecoin exposures in EU and UK portfolios
AFM thematic review finds trading venues have only partial DORA ICT risk framework compliance, with specific gaps in security monitoring, access controls, logging, and group-level policy governance
AFM's thematic review exposes five recurring PEP due-diligence failures at Dutch financial firms, with direct implications for crypto-asset service providers and their compliance frameworks
AFM's 2025 SREP market review finds Dutch financial firms have adequate policies on paper but chronic gaps in execution, ICT risk management, and accountability structures, with direct implications for firms using crypto accounting software in regulated environments.
ESMA signals that prediction market event contracts are already caught by existing EU retail prohibitions, creating urgent product classification and compliance obligations for CASPs and their auditors.
MiCA's transition window has closed but uneven NCА enforcement capacity across EU member states creates immediate compliance and audit risk for CASPs and their advisers
AML and compliance obligations triggered by the Huione Guarantee marketplace processing over $11 billion in USDT, with implications for transaction screening, SAR filing, and sanctions exposure at regulated firms globally
How mixers and privacy wallets undermine crypto compliance screening, and what accounting firms and auditors must do to manage the exposure
Cross-chain bridges enable large-scale crypto laundering beyond current AML controls, creating urgent compliance exposure for firms handling digital assets
Coinmetro's reorganization filing, attributed to a legacy third-party provider failure, surfaces concrete third-party dependency and operational resilience risks that EU crypto firms and their auditors must assess now.
Huione Group has become the largest illicit online marketplace ever recorded, with its own unregulated stablecoin USDH designed to evade asset freezes. Accounting firms and compliance teams need to understand the transaction volumes, the USDH exposure risk, and the AML obligations this creates.
Practical supervisory expectations Malta credit institutions must meet on CFT, CPF and TFS following the MFSA thematic review
MFSA 2025 Annual Report signals tighter EU supervisory discipline: what accounting firms and auditors serving Malta-regulated entities need to know
CSSF publicly flags tresorwacht.com for fraudulently invoking the names of two Luxembourg-regulated entities, signalling yet another impersonation wave that compliance teams and auditors need to track in their counterparty verification workflows
Spain's CNMV has confirmed no grace-period extension for crypto firms not yet MiCA-compliant, raising immediate operational risk for any EU-facing business still in transition
MFSA's thematic review on financial crime risks in credit institutions underscores the need for robust compliance systems, including crypto accounting software for firms handling digital assets.
Malta's MFSA highlights the need for robust AML controls in credit institutions handling crypto, linking to accurate crypto financial statements and fair value reporting.
Dutch firms can leverage crypto accounting software to integrate AMLA reporting into existing AFM questionnaires, reducing compliance burden.
