The Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) package, which introduces more detailed, clearer, and directly applicable rules for AML/CFT, and which sets up the new EU Anti-Money Laundering Authority (AMLA) has been approved by the European Parliament.
The package consists of
The above-mentioned laws require formal adoption by the Council prior to their publication in the EU’s Official Journal.
The content of these approved laws is summarized in our article below.