News Prevention of Money Laundering – New Rules 12/06/2024

On May 30, 2024, the Council of the European Union and the European Parliament adopted new rules on the prevention of money laundering and terrorist financing for the protection of citizens and the financial system of the European Union, with a view to harmonizing the rules on this matter throughout the European Union.

The main pieces of the legislative package awaiting publication in the Official Journal of the European Union are the following:

• the Sixth Directive (VI) on the Prevention of Money Laundering and Terrorist Financing;
• the Regulation on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing;
• the Regulation establishing the European Anti-Money Laundering and Counter-Terrorist Financing Authority.

 Click HERE to access the News Flash prepared by the Compliance practice team at GPA Law Firm.