| Author (Corporate) | Council of the European Union, European Parliament |
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| Series Title | Official Journal of the European Union |
| Series Details | L156, 19.6.2018 |
| Publication Date | 19/06/2018 |
| Content Type | Legislation |
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Summary: The European Commission published on 5 July 2016 a proposal revising Directive (EU) 2015/849, the fourth Anti-Money Laundering Directive (4AMLD). The Council of the European Union agreed on its general approach on 20 December. The European Parliament's plenary session confirmed its committees' position on this draft law on 14 March 2017. An informal agreement between the institutions was reached on 13 December. This compromise document was endorsed by the Parliament on 19 April 2018 and by the Council on 14 May. The new Directive was adopted by the Parliament and the Council on 30 May 2018. Further information: The draft law sets out a series of measures to better counter the financing of terrorism and to ensure increased transparency of financial transactions and of corporate entities under the existing legal framework in the European Union. It also sets out certain consequential changes to the relevant company law rules under Directive 2009/101/EC. This proposal was put forward in the framework of an Action Plan for strengthening the fight against terrorist financing, released in February 2016, in the aftermath of a series of terrorist attacks hitting several European countries. It also responds to the Panama Papers revelations of April 2016. + Communication on an Action Plan for strengthening the fight against terrorist financing, February 2016 [COM(2016)50] |
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| Source Link | Link to Main Source https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=uriserv:OJ.L_.2018.156.01.0043.01.ENG |
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| Subject Categories | Justice and Home Affairs, Security and Defence |
| Countries / Regions | Europe |
