Legislative proposals on financial crime
Legislation in force
- Directive (EU) 2015/849 on preventing the use of the financial system for money laundering or terrorist financing (4th Anti-Money Laundering Directive) – seeks to protect credit and financial institutions against these risks.
- Regulation (EU) 2015/847 on information on the payer accompanying transfers of funds – makes fund transfers more transparent, thereby helping law enforcement authorities to track down terrorists and criminals.
- Commission Delegated Regulation (EU) 2016/1675 of 14 July 2016 supplementing Directive (EU) 2015/849 of the European Parliament and of the Council by identifying high-risk third countries with strategic deficiencies
On 5 July 2016 the European Commission presented a new proposal for a Directive amending Directive 2015/849:
- Press release
- Proposal for amending Directive
- Impact assessment (summary)
- Impact assessment (full version)
See also :
- Delegated Act identifying high-risk countries
- Action Plan to strengthen the fight against terrorist financing
- Adoption of the 4th Anti-Money Laundering Directive
- Proposal for a Directive on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing
- Proposal for a Regulation on information accompanying transfers of funds
- Frequently Asked Questions
- Impact assessment:
- Citizens’ summary
Commission Directive 2006/70/EC sets out measures to implement Directive 2005/60/EC as regards:
- the definition of “politically exposed persons”
- the technical criteria for “simplified customer due diligence procedures”, and exemption on the grounds that a given financial activity is occasional or very limited in scope.
See also :
In September 2005 and February 2006 the Commission published two working documents related to this directive inviting the public to send their comments.
- Summary of comments received on the 2nd working document
- Comments on the 2nd working document
- 2nd DG Internal Market Services’ Working document
- Summary of comments received to the 1st working document
- Comments on the 1st working document
- 1st working document
- FATF international standards on combating money laundering and the financing of terrorism (February 2012).