OPERATING THE THIRD MONEY LAUNDERING DIRECTIVE PROVES DIFFICULT ACROSS THE EU
October 1st, 2008
BY ALAN OSBORN
THE EUROPEAN Union's (EU) third money laundering directive should have been transposed into national legislation by December last year across the EU. But some EU member states and professional organisations have found its provisions difficult, particularly the introduction of a risk-based approach to the application of anti money laundering disciplines. Alan Osborn reports.
MANY of those engaged in the fight against money laundering believe that the chief significance of the EU's third money laundering directive is the way it introduces the ...
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