EU LAUNCHES NEW AML ACTION PLAN – FOURTH DIRECTIVE TO BE AMENDED ALREADY
February 1st, 2016
THE EUROPEAN Commission has released a detailed action plan of reforms 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 – released yesterday (February 2) – 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 in the first half of this year, it will propose changes to the 4AMLD telling financial institutions to ...
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