The directive and regulation will strengthen EU rules against money laundering and ensure consistency with the approach followed at international level. The draft regulation deals more specifically with information accompanying transfers of funds. International recommendations The texts implement recommendations by the Financial Action Task Force (FATF), which is considered a global reference for rules against […]

European money laundering rules strengthened to undermine terrorist financing Prevention of money laundering and terrorist financing has been strengthened by an agreement between the Council of the European Union and the European Parliament. The new directive and regulation will make Europe more consistent with the approach followed internationally on information accompanying the transfer of funds, […]