EU Commission proposes Directive on countering money laundering by criminal law

The European Commission has published its proposal for a Directive on countering money laundering by criminal law. The Directive would impose criminal liability in respect of money laundering activities.

This proposed Directive is part of the Action Plan against terrorist financing and will reinforce existing measures against money laundering across the EU, as well as bringing policies in line with international standards in the area.

A copy of the proposal is available HERE