EUROPEAN PARLIAMENT WANTS 5% BO OWNERSHIP THRESHOLD IN NEW EU AML REGIME
April 11th, 2023
Detailed negotiations over the final texts of the planned comprehensive reforms to the European Union (EU) AML/CFT regime are about to begin, with the European Parliament setting out what changes it wants flowing from this legislative package. That includes that football (soccer) clubs, agents and federations be subject to AML obligations; that additional checks for politically-exposed persons (PEPs) by extended to heads of regional and local authorities, and PEP siblings; that extended due diligence is always undertaken for high net worth individuals ...
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