On June 19, Delegated Regulation (EU) 2020/855 (the Delegated Regulation) was published in the Official Journal of the EU. The Delegated Regulation amends the list of high-risk third countries with strategic anti-money laundering (AML) and counter-terrorist financing (CTF) deficiencies produced under the Fourth Money Laundering Directive (MLD4).
Continue Reading AML: Delegated Regulation on High-Risk Third Countries under MLD4 Published in the Official Journal of the EU

On January 10, the changes introduced by the European Union’s fifth Money Laundering Directive (MLD5) became operational. MLD5 came into force on July 9, 2018, but member states had until January 10 to transpose these changes into national law. MLD5 amends and builds on the fourth Money Laundering Directive (MLD4).  More information is available in the February 12, 2016 edition of Corporate & Financial Weekly Digest.

Continue Reading Fifth Money Laundering Directive Becomes Operational

On November 8, the Joint Committee of the European Supervisory Authorities (ESAs) published a consultation paper on draft joint guidelines on cooperation and information exchange between national competent authorities (NCAs) supervision credit and financial institutions for the purposes of the Fourth Money Laundering Directive (MLD4)
Continue Reading ESAs Publish Consultation Paper Relating to MLD4

On August 22, the European Commission (EC) published a Delegated Regulation it adopted on July 27, amending the list of high-risk third countries set out in Delegated Regulation (EU) 2016/1675, which supplements the Fourth Money Laundering Directive (MLD4).
Continue Reading European Commission Adds Pakistan to List of High-Risk Third Countries Under MLD4