EU PARLIAMENT APPROVES SIXTH AML DIRECTIVE AND STRICTER RULES TO COMBAT MONEY LAUNDERING AND TERRORIST FINANCING

On 3 April, Coingeek reported that the vote in the EU Parliament imposes a €1,000 cap on anonymous digital asset transactions, approved a new EU AML authority, and a ban on citizenship by investment—the so-called “golden” passports and visas.  3 measures were approved, including what would become the 6^th Money Laundering Directive and an EU Regulation establishing the European Anti-Money Laundering Authority (AMLA), which will have supervisory and investigative powers to ensure compliance with AML/CFT requirements.

https://coingeek.com/eu-parliament-approves-stricter-rules-to-combat-money-laundering-and-terrorist-financing/

https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section View all posts by raytodd2017