An article from Ince on 13 October says that EU Member States are required to transpose the 6MLD into national law by 3 December. After which, relevant regulations must be implemented by companies within the EU Member States by 3 June 2021. Therefore, it is critical that companies familiarise themselves with 6MLD to prepare for its implementation. The 6MLD seeks to close certain loopholes in the EU Member States’ domestic legislation by harmonising the definition of money laundering across the bloc. The 6MLD also places a particular focus on “predicate offences” as it expands the list of crimes to better reflect the modern threat landscape. It identifies the key provisions of 6MLD.
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