Author: Antonio Camara

AMLD6, AMLR & AMLA: a new anti-money laundering era in the EU

The long-awaited EU AML package is now finally on its way: With its approval by the EU Parliament, the anti-money laundering (AML) and counter terrorist financing (CFT) package is almost final. It is a big step forward in terms of harmonisation. Many issues and concepts that were laid down in national law will now be subject to EU-wide interpretation. In addition, a new EU authority is created to foster convergence: the EU Anti-money Laundering Authority (AMLA).