On 17 January 2024, the European Parliament and Council of the EU (Council) reached a provisional agreement on parts of the anti-money laundering (AML) package that aims to protect EU citizens and the EU’s financial system against money laundering (ML) and terrorist financing (TF). Under the new
On 16 January 2024, the European Banking Authority (EBA) released a final report containing guidelines which amend its existing guidelines on money laundering / terrorist financing (ML/TF) risk factors so that they extend to crypto-asset service providers (CASPs). The guidelines will provide a common understanding of ML/TF risks associated with CASPs
On 18 December 2023, the Council of the EU issued a press release stating that it had reached a common understanding on the process for selecting the seat of the future European authority for countering money laundering and terrorist financing (AMLA).
The co-legislators have agreed on the principle of organising joint public hearings
On 14 December 2023, statutory instrument 2023 No. 1371 (SI 2023/1371) – the Money Laundering and Terrorist Financing (Amendment) Regulations 2023 (the SI) – was published, along with an explanatory memorandum.
The SI amends the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (the MLRs) to
On 13 December 2023, the European Commission (Commission) published Commission Delegated Regulation (EU) of 12.12.2023 amending Delegated Regulation (EU) 2016/1675 as regards the deletion of the Cayman Islands and Jordan from the table in point I of the Annex.
Delegated Regulation 2016/1675 is provided for under the Fourth Money Laundering Directive (4MLD
On 13 December 2023, the Council of the EU announced that it had reached provisional agreement with the European Parliament as regards a proposed Regulation establishing a new EU anti-money laundering authority (AMLA).
On 20 July 2021, the European Commission issued legislative proposals designed to strengthen the EU’s rules on anti-money laundering and
On 5 December 2023, HM Treasury (HMT) published the Money Laundering and Terrorist Financing (High-Risk Countries) (Amendment) (No.2) Regulations 2023 (SI 2023/1306).
This statutory instrument amends the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (S.I. 2017/692) (the MLRs) by substituting the List of High-Risk Third
On 24 November 2023, the European Banking Authority (EBA) issued a public consultation on new guidelines on preventing the abuse of funds and certain crypto-asset transfers for money laundering and terrorist financing purposes.
Regulation (EU) 2023/1113 on information accompanying transfers of funds and certain crypto-assets recasts Regulation (EU) 2015/847 and extends its scope
On 24 November 2023, the European Banking Authority (EBA) issued a public consultation on new guidelines on preventing the abuse of funds and certain crypto-asset transfers for money laundering and terrorist financing purposes.
Regulation (EU) 2023/1113 on information accompanying transfers of funds and certain crypto-assets recasts Regulation (EU) 2015/847 and extends its scope
On 16 November 2023, the Financial Action Task Force (FATF) updated its best practices on combating the abuse of non-profit organisations (NPOs). The update follows the revisions that the FATF made earlier this year to Recommendation 8 that aim to protect NPOs from potential terrorist financing abuse through the effective implementation