16 July 2018
On 9 July 2018, the EU's Fifth Money Laundering Directive came into force. Member States now have until 10 January 2020 to give effect in local law to its provisions, which impose a range of potentially onerous new requirements. The amendments made by 5MLD form part of the EU Commission's action plan on further strengthening the fight against terrorist financing.
Implementation of the EU's Fifth Money Laundering Directive