Share on LinkedInShare on LinkedIn

ARTICLE · 29 MAY 2024

EU Developments - Horizon Scanner Finance May 2024

Arthur Cox
Explore more from Arthur Cox

The European Parliament formally adopted the Regulation on the new EU Anti-Money Laundering Authority (AMLA), the ‘Single Rulebook' AML Regulation...

European UnionGovernment, Public Sector
Arthur Cox
Arthur Cox
Author LinkedIn connections

AML

New EU framework almost finalised

The European Parliament formally adopted the Regulation on the new EU Anti-Money Laundering Authority (AMLA), the 'Single Rulebook' AML Regulation, and the related Directive in its 22-25 April 2024 plenary session. The next step is formal endorsement by the EU Council (likely to take place on 15 May 2024), following which the Regulations and the Directive will be published in the Official Journal.

The adopted texts are here: Directive, Single Rulebook AML Regulation, and AMLA Regulation.

On timing:

  • The AMLA Regulation will apply from 1 July 2025, save for the mandates to develop related technical standards, guidelines and recommendations, and the provisions relating to the establishment of AMLA's organisational structure, which will apply straight away.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

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.

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

See more popular content from

Article

Government Legislative Priorities For Autumn 2026

The Government has published its Autumn 2026 Legislation Programme, identifying 32 bills for priority publication and 32 bills for priority drafting. This article explores a selection of measures likely to be of interest to businesses, spanning digital economy, strategic infrastructure, litigation reform, financial regulation, competition law, corporate structures, employment, pensions, and healthcare sectors.
IrelandGovernment, Public Sector
William Fry LLP
William Fry LLP
Article

New EU Public Procurement Regime: Legislative Process Begins

The European Commission has proposed a comprehensive overhaul of EU public procurement law through a single, directly applicable Regulation that would replace existing Directives. This fundamental reform introduces mandatory quality-weighted award criteria, liberalised negotiation procedures, and entirely new frameworks for security considerations and European preference in public contracting.
European UnionGovernment, Public Sector
Arthur Cox
Arthur Cox
Article

Life Sciences Outlook 2026 - Data And Digital

The European Union's evolving regulatory landscape for artificial intelligence, cybersecurity, and health data is creating new compliance challenges and opportunities for life sciences organizations. From the AI Act's refinements to the delayed NIS2 Directive transposition in Ireland, stakeholders must navigate multiple intersecting frameworks while preparing for the European Health Data Space Regulation's implementation.
European UnionGovernment, Public Sector
Arthur Cox
Arthur Cox
Article

Ireland At The Centre Of The E-Evidence Package

The EU e-Evidence Regulation has entered into force, establishing a new framework for cross-border requests for electronic evidence in criminal proceedings. Service providers operating in the EU now face strict compliance deadlines and significant penalties for non-compliance, while navigating complex rules about data production, preservation orders, and limited grounds for refusal. How will companies balance law enforcement cooperation with fundamental rights protections under this challenging new regime?
IrelandGovernment, Public Sector
Matheson
Matheson