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Anti- money laundering legislation – state of play
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Published on 11-04-12

The existing EU anti-money laundering legislation works well, but its provisions need updating to incorporate the latest international guidelines to combat new threats – this is the main conclusion of a report made public today by the European Commission.

    Anti- money laundering legislation – state of play

    The report – on the application of the Third Anti-Money Laundering Directive – assesses how to incorporate more risk-based elements, if the scope of the rules should include the gambling sector and tax crimes and how banks and other institutions could put in place controls that guarantee they know the customers with whom they are dealing and understand the nature of their business.

    The publication of the report will be followed by a public consultation. Stakeholders are invited to send their reactions MARKT-AML@ec.europa.eu by 13 June 2012.

    The Commission plans to bring forward a proposal for a Fourth Anti-Money Laundering Directive in autumn 2012.

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    Last update: 19/04/2012  |Top