Funds and asset managers and other financial institutions take note: the Fourth Money Laundering Directive (“MLD4”) has finally been agreed and will come into effect no later than June 2017. This directive amends the EU’s existing anti-money laundering (“AML”) and counter terrorist financing (“CTF”) legislation in several respects. Some of these amendments will present particular […]

Beneficial owners AND third-parties AND a Four Step Due Diligence ProcessThe European Commission has been working on updating its nine-year-old Third E.U. Anti-Money Laundering (AML) Directive to accommodate new international standards and to address previous shortcomings. Earlier this year, the E.U. Parliament approved new draft legislation, bringing the Fourth AML Directive one step closer to […]