On 19 June 2024, there was published in the Official Journal of the EU (OJ),
Published in OJ – AML Regulation, MLD 6 and AMLA Regulation
Council of the EU adopts AML Regulation, AMLA Regulation and AMLD6
On 30 May 2024, the Council of the EU announced that it has adopted a package of new anti-money laundering (AML) rules aimed at protecting EU citizens and the EU’s financial system against money laundering and the financing of terrorism.
The package of legislation consists of:
- A Regulation on the prevention of the
Council of the EU publishes text of draft terrorist financing Directive
On 23 May 2024, the Council of the EU published the text of a draft Directive amending Directive (EU) 2019/1153, as regards access by competent authorities to centralised bank account registries through the interconnection system and technical measures to facilitate the use of transaction records.
The proposed amendment to Directive (EU) 2019/1153 would allow designated
Council of EU publishes texts of AML package
On 20 May 2024, the Council of the EU published the text of the:
New EU rules to combat money laundering adopted by MEPs
On 24 April 2024, the European Parliament issued a press release stating that it had adopted the proposed:
Upcoming webinar: Investigations in EMEA – Horizon scanning
On Tuesday 16 April 2024, please join us for a webinar where our team from across EMEA will discuss the key recent and upcoming trends in financial crime legislation and regulatory enforcement in the EU, UK and Singapore.
This webinar will highlight important changes to anti-money laundering regulation and wider financial crime legislation in the
Status of implementation of Recommendation 15 by FATF Members and jurisdictions with materially important VASP activity
On 28 March 2024, the Financial Action Task Force (FATF) published a table setting out the status of the implementation of Recommendation 15 by FATF members and other jurisdictions with the most materially important virtual asset service provider activity. The table follows a stocktake of current levels of implementation across the global network.
Council of EU publishes draft Directive amending MREL
On 13 March 2024, the Council of the EU published the text of the draft Directive amending the Bank Recovery and Resolution Directive and the Resolution establishing the Single Resolution Mechanism as regards certain aspects of the minimum requirement for own funds and eligible liabilities. The draft Directive is sometimes known as the ‘daisy-chain proposal’.
EBA Call for Advice on Provisional Request for advice regarding regulatory standards and guidelines under the future anti-money laundering / countering the financing of terrorism framework
On 12 March 2024, the European Commission (Commission) published a letter containing a provisional request for advice from the European Banking Authority (EBA), regarding regulatory technical standards and guidelines under the future anti-money laundering (AML) and counter terrorist financing (CFT) framework. The request for technical advice is
FATF guidance for a risk-based approach for beneficial ownership and transparency of legal arrangements
On 12 March 2024, the Financial Action Task Force (FATF) published guidance on beneficial ownership and transparency of legal arrangements.
The guidance, which is non-binding, aims to assist stakeholders from public and private sectors that regulate, supervise, enforce, form, manage, or administer trusts or similar legal arrangements. It focuses on the Recommendation 25 requirements and