EU MINISTERS APPROVE 5AMLD REFORMS – MEMBER STATES HAVE 18 MONTHS TO IMPLEMENT NEW RULES
May 1st, 2018
THE EUROPEAN Union (EU) Council of Ministers yesterday (May 14) approved the so-called fifth anti-money laundering directive (5AMLD) reforms it informally agreed with the European Parliament last December (2016).
This key formal vote will trigger a implementation deadlines for the new rules contained within.
These include:
*Broadening access to information on beneficial ownership so that the public can learn at least the name, the month and year of birth and the country of residence and nationality of beneficial owners, plus the nature and extent of their ...
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