The European Parliament has published a resolution objecting to delegated regulation proposed by the Commission which seeks to amend a delegated regulation supplementing the fourth Money Laundering Directive (MLD IV) by identifying high-risk third countries with strategic deficiencies. The European Parliament rejected the amending delegated regulation on the basis that the list of countries is too limited and should […]

EU parliament votes on fourth AML directive and regulation On 20 May 2015, the European Parliament voted on new EU anti-money laundering (AML) rules, namely the Fourth AML Directive (AMLD) and a new Regulation on information accompanying transfer of funds (AMLR). The adopted measures replace the existing AML Directive and Regulation and have the primary […]

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, […]