The Bank of Italy has told crypto asset service providers to strengthen sanctions screening for customers and transactions to prevent evasion of international financial sanctions. It issued supervisory guidance requiring internal policies, procedures and control systems to implement EU and Italian sanctions and to identify customers and transactions linked to sanctioned persons in crypto transfers. The move seeks compliance with existing EU rules and EBA guidance, amid concerns about Russia- and Iran-linked crypto activity.

British investigators have identified crypto assets as a key risk factor in tackling money laundering and fraud and are moving to strengthen their investigative capabilities. Crypto assets were classified as the third item among the United Kingdom\'s nine economic crime response priorities. The National Economic Crime Centre said criminal groups use cryptocurrencies to evade detection and move illicit funds at scale, and it plans a more proactive, intelligence-led approach.