MLD 4 – European Parliament rejects European Commission blacklist of states at risk of money laundering for second time. The European Parliament has, for the second time, rejected the European Commission’s proposal to amend Commission Delegated Regulation 2016/1675 supplementing the fourth Money Laundering Directive (MLD 4). Committee MEPs have called for the EU to have […]

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 15 February 2017, Transparency International (TI) published a report, Top Secret: Countries keep financial crime fighting data to themselves, which recommends improvements to the public disclosure of anti-money laundering (AML) statistics by national authorities. http://bit.ly/2lqfujE http://bit.ly/2l7rUdz The report follows analysis conducted by TI of the public availability of AML data by 12 countries (including […]

The Commission Delegated Regulation (EU) 2016/1675 supplementing the fourth Money Laundering Directive (MLD 4) by identifying high-risk third countries with strategic deficiencies has been published in the Official Journal of the EU (OJ). The Delegated Regulation will come into force on 23 September 2016. A copy of the Delegated Regulation is available HERE High-risk third […]

On 7 April 2016, the European Commission published a roadmap (also referred to as an inception impact assessment) relating to its proposal for a Directive to amend the Fourth Money Laundering Directive ((EU) 2015/849) (MLD4). http://bit.ly/1UN5rAu   Points of interest in the roadmap include the following: The Financial Action Task Force (FATF) is currently examining what […]

Funds and asset managers and other financial institutions take note: the Fourth Money Laundering Directive (“MLD4”) has finally been agreed and will come into effect no later than June 2017. This directive amends the EU’s existing anti-money laundering (“AML”) and counter terrorist financing (“CTF”) legislation in several respects. Some of these amendments will present particular […]

This summer domestic matters have dominated the AML policy landscape as the Brussels summer recess put paid to any further progress of note on the fourth EU Money Laundering Directive (4MLD). 4MLD I will provide a brief update on the latest timetable suggested for the passage of 4MLD. We are expecting that the MEPs working […]

The Council of the EU has published a further presidency compromise proposal for an amended Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing (MLD 4), dated 12 May 2014. A copy of the Money Laundering Directive is available. http://register.consilium.europa.eu/doc/srv?l=EN&f=ST%209752%202014%20INIT