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ARTICLE · 10 JUNE 2024

The EU AML Package And Implications For The Dutch Draft Action Plan On Money Laundering

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On 24 April 2024, the European Parliament agreed to an anti-money laundering package (EU AML package). A week earlier, the Dutch Finance minister wrote to the House of Representatives about the potential...

European UnionGovernment, Public Sector
Wendy Pronk
Wendy Pronk
Martijn Schoonewille
Martijn Schoonewille
Anne Remmers
Anne Remmers

On 24 April 2024, the European Parliament agreed to an anti-money laundering package (EU AML package). A week earlier, the Dutch Finance minister wrote to the House of Representatives about the potential impact of the EU AML package on the Action Plan on Money Laundering Bill (wetsvoorstel Plan van aanpak witwassen). Through a note, the minister intends to remove inconsistencies and align the limit on cash payments above €3,000 with the EU AML package. If the proposal is adopted, the prohibition on professional or business merchants in goods to enter into cash transactions above €3,000 will most likely come into force from January 2026. It is expected that the EU AML-package becomes applicable in spring 2027.

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