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ARTICLE · 12 FEBRUARY 2024

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Status Update On The EU AML Package

Dillon Eustace
Dillon Eustace
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Dillon Eustace

Dillon Eustace

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On 18 January 2024 the EU Council and European Parliament announced provisional political agreement on two proposals forming part of the European Commission's EU AML Package.

European UnionGovernment, Public Sector
Karen Jennings
Karen Jennings
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On 18 January 2024 the EU Council and European Parliament announced provisional political agreement on two proposals forming part of the European Commission's EU AML Package. These comprise a Regulation on the prevention of the use of the financial system for the purposes of money laundering and terrorist financing (the "EU Single Rulebook") and the sixth (6th) Anti-Money Laundering Directive ("AMLD6").

This announcement follows a prior announcement issued in December 2023 indicating that the EU Council and European Parliament had reached provisional political agreement on the Regulation establishing the Anti-Money Laundering Authority ("AMLA"), an EU regulatory authority for countering money laundering and financing of terrorism (the "AMLA Regulation").

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