The new EU Anti-Money Laundering legal framework: the race has started again…

After two years, the process of revision of the new EU Anti-Money Laundering (AML) framework finally came to an end on 20 May 2015, when the European Parliament at its second reading adopted the Fourth AML Directive (Directive (EU) 2015/849) along with the new Regulation on information on the payer accompanying transfers of funds (Regulation (EU) 2015/847).

The revision was triggered by the necessity to adapt the legal framework to counter new threats of money laundering and terrorist financing and to reflect recent changes due to revised Financial Actiont Task Force (FATF) Recommendations. The following blog post presents the new legal framework, including some crucial measures which could represent a real step-up in the fight against money laundering, financing terrorism and tax evasion.

ESO: Background information: Tougher rules on money laundering to fight tax evasion and terrorist financing http://www.europeansources.info/record/press-release-tougher-rules-on-money-laundering-to-fight-tax-evasion-and-terrorist-financing/

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