EU LAUNCHES NEW AML ACTION PLAN
February 1st, 2016
THE EUROPEAN Commission has released a detailed reform plan designed to choke off the supply of money to terrorist organisations, including amending the recently agreed European Union (EU) fourth anti-money laundering directive (4AMLD). These proposals say that the EU should early this year adopt a blacklist of high risk third countries deemed deficient in fighting money laundering and terrorist financing. And by July, it will propose changes to the 4AMLD telling financial institutions to undertake set due diligence checks on money flows from these ...
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