Category: 5AMLD

5th Anti-money Laundering Directive: 2nd Presidency Compromise Text published

The Council of the European Union has published the 2nd Presidency Compromise Text version of the 5th Anti-money Laundering Directive. The text has been marked up to show how the 1st Compromise Text has been change to create the 2nd. The differences include:

4AMLD & 5AMLD: progress update from the European Council on its action against money laundering

The European Economic & Financial Affairs Council met on 8 November to discuss (eg) the European Commission’s action plan against money laundering and terrorist financing activity. The focus was on the proposed 5th Anti-money Laundering Directive (5AMLD), which seeks to (a) improve access to beneficial ownership registers for companies and trusts; […]

4AMLD: UK consults on changes to its PSC Register requirements

The UK’s Department for Business, Energy & Industrial Strategy has published a “Discussion paper on the transposition of Article 30 [of the 4th Money laundering Directive]: beneficial ownership of corporate and other legal entities“. Article 30 of the 4th Money Laundering Directive sets out the Member State’s obligations with respect […]

5AMLD: House of Commons European Scrutiny Committee review published

The House of Commons European Scrutiny Committee (Committee) has just published its 15th Report of the 2016/7 Session. Chapter 4 of the Report includes the Committee’s latest thinking on (what is now regarded as) the 5th Anti-money Laundering Directive (5AMLD). In July 2016, the European Commission published a proposal for 5AMLD – […]

5th Anti-money Laundering Directive: Presidency compromise text published / ECB recommendations accepted

The Council of the European Union has published the first “Presidency compromise text” version of (what is now being referred to as) the 5th Anti-money Laundering Directive (5AMLD) (it used to be “an amendment to 4AMLD” instead). The Presidency compromise text includes a series of amendments that seem to have been […]