Press release - New EU rules to combat money-laundering adopted

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In addition to current information, the registries will also include data going back at least five years.

Metadata
Provider: 
European ParliamentEuropean Parliament
URL: 
https://www.europarl.europa.eu/news/en/press-room/20240419IPR20586/https://www.europarl.europa.eu/news/en/press-room/20240419IPR20586/
Retrieved on: 
Thursday, April 25, 2024
Information
Tags: 
European Parliament, EUR, Conference, Authority, AML, Registry, Parliament, Council, Future, AMLA, Legislation, Cryptocurrency
Geotags: 
EU, EUROPE
Summary
Key Points: 
  • In addition to current information, the registries will also include data going back at least five years.
  • The laws also give Financial Intelligence Units (FIUs) more powers to analyse and detect money laundering and terrorist financing cases as well as to suspend suspicious transactions.
  • Wide-reaching due diligence
    The new laws include enhanced due diligence measures and checks on customers’ identity, after which so-called obliged entities (e.g.
  • Next steps
    The laws still need to be formally adopted by the Council, too, before publication in the EU’s Official Journal.
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