8th Jun 2015
The new Anti-Money Laundering Directive (2015/849) of 20 May 2015, was published on 5 June 2015, in the official Gazette of the E.U. The Directive aims to prevent and combat money laundering and terrorist financing, and further develops the 3rd Anti-Money Laundering Directive, taking into account the revised Financial Action Task Force (FATF) Recommendations.
Member states will have two years to implement the 4th Anti-Money Laundering Directive into national legislation.
The following are among the main points included in the new Directive: