COMPLEX NEGOTIATIONS LOOM TO FINALISE LARGEST EVER EU AML REFORM PACKAGE
April 23rd, 2023
European Union (EU) lawmakers kicking off negotiations on the legal texts mandating the bloc’s future anti-money laundering (AML) framework May 11 are set to clash over key issues, notably the threshold for declaring a beneficial owner (BO).
The negotiations will involve the European Parliament, the EU Council of Ministers and the European Commission. They will cover three proposals that together will in future form the bulk of the EU AML rulebook. These are an AML regulation (AMLR) on AML standards the EU wants harmonised to the letter across all 27 member ...
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