On 27 June 2017, the Joint Committee of the three European Supervisory Authorities (“The ESAs”) – namely the European Banking Authority, the European Insurance and Occupational Pensions Authority and the European Securities and Markets authorities – has issued Joint Final Guidelines (the “Guidelines”) under the 4th Anti-Money Laundering Directive (“4AMLD”). It focuses on customer due […]

On 28 February 2017, the House of Commons European Scrutiny Committee published its 32nd report of the 2016-17 parliamentary session. http://bit.ly/2lqlnck Among other things, in the report, the committee considers the proposed Fifth Money Laundering Directive (MLD5), which amends the Fourth Money Laundering Directive ((EU) 2015/849) (MLD4) (see section 4, which starts on page 20). […]

On 5 July 2016, the European Commission approved a proposal (2016/0208 (COD)) (the “Proposal”) to implement a number of amendments and additions to the Fourth Money Laundering Directive, ((EU) 2015/849) (“4MLD”). http://bit.ly/2aj5fJz http://bit.ly/2aeXSQo The Proposal has been drafted in response to the growing threat of terrorism within the EU, as well as in an attempt […]