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ARTICLE · 21 DECEMBER 2022

Finance: EU Legislative Priorities For 2023 And 2024

Arthur Cox
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The European Commission, EU Council and European Parliament announced their joint legislative priorities for 2023 and 2024 on 15 December 2022, accompanied by a working document...

European UnionFinance and Banking
Arthur Cox
Arthur Cox
Sinead Cantillon
Sinead Cantillon
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The European Commission, EU Council and European Parliament announced their joint legislative priorities for 2023 and 2024 on 15 December 2022, accompanied by a working document listing the various planned directives and regulations. Key priorities for 2023 and 2024 from a finance perspective are:

  • AML: Finalising the AML Action Plan. The EU Council agreed its position on 7 December 2022, and the Parliament's rapporteurs indicated that a vote will take place in mid-March 2023, paving the way for trilogue discussions. One core component of the Action Plan (updates to the regulation on information accompanying transfers of funds to capture transfers of crypto-assets) has already been agreed (for more information, read our insights here). The new single-rulebook regulation, the related directive, and the establishment of the new central anti-money laundering authority (AMLA) remain to be finalised.

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This article contains a general summary of developments and is not a complete or definitive statement of the law. Specific legal advice should be obtained where appropriate.

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