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.

Disclaimer This article is not intended to impart legal advice and readers are asked to seek verification of statements made before acting on them.
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