CALL ON  EUROPEAN PARLIAMENT TO VOTE AGAINST EU AMLR PROPOSAL NOW!

Tomorrow the European Parliament is going to vote on its latest #EU #AMLR proposal.
Unfortunately, the Trilogue procedure led to the removal of all civil society recommendations, weakening the position of the only directly democratically-elected EU institution—the European Parliament.

This has resulted in:
🔻 a considerable reduction of financial freedoms & increased financial exclusion; 
🔻heightened risks of abuse of the AMRL, including the exposure of EU citizens and residents to the potential misuse of their financial data by authoritarian regimes.

Additionally, as the EU sets global financial regulatory standards, the negative language in the AMLR about privacy payment tools, such as self-hosted wallets & mixers, could lead to restrictions on financial freedoms in third countries and increase the potential for financial repression by illiberal regimes.  

See our Submission for more details: https://en.odfoundation.eu/a/725781,building-true-change-btc-coalition-submission-on-the-eu-proposal-for-a-regulation-on-the-prevention-of-money-laundering-or-terrorist-financing/