On 14 May, the Council adopted the text of MLD5, which aims to strengthen existing EU anti-money laundering and counter terrorist financing rules. The main changes introduced by MLD5 are: widening access to information on beneficial ownership in respect of companies and trusts; addressing risks linked to prepaid cards and virtual currencies; enhancing co-operation between financial intelligence units; and improving checks on transactions involving high-risk third countries. The...
Council Of The EU Adopts Fifth Money Laundering Directive (MLD5)
To continue readingREQUEST YOUR TRIAL