EUROPEAN UNION ACCOUNTANTS FACE NEW DETAILED DEMANDS ON HOW THEY FIGHT MONEY LAUNDERING
June 17th, 2024
With the European Parliament (EU) and EU Council of Ministers finally approving a major overhaul of EU anti-money laundering (AML) laws, EU accountants will have to change their practices to comply with tighter laws. The key impact on accountants would come under a new comprehensive AML Regulation, an EU legal instrument that must be followed to the letter, rather than giving member states more leeway on implementation, as with past (and continuing) EU AML directives (1).
Angela Foyle, anti-money laundering (AML) working party chair for Accountancy Europe, said: ...
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