Log in or register
Share on LinkedInShare on LinkedIn

ARTICLE · 22 FEBRUARY 2021

EU Directive On Combating Money Laundering By Criminal Law

Camilleri Preziosi
Camilleri Preziosi
Contributor
Camilleri Preziosi

Camilleri Preziosi

Camilleri Preziosi shares a commitment to deliver considered and practical outcomes and add value...

View firm profile
Explore more from Camilleri Preziosi

On the 3rd of December 2020, Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on combating money laundering by criminal law ...

MaltaGovernment, Public Sector
Peter Mizzi
Peter Mizzi
Author LinkedIn connections

On the 3rd of December 2020, Directive (EU) 2018/1673 of the European Parliament and of the Council of 23 October 2018 on combating money laundering by criminal law (also known as the "6AMLD") came into force. The directive aims to enable financial institutions and authorities to do even more in their fight against money laundering (ML) and terrorism financing (TF), by closing gaps and loopholes in existing legislation, clarifying regulatory details and toughening criminal penalties across the EU.

The key changes are as follows;

Harmonisation of Predicate Offences and Expanded Regulatory Scope

The definition of criminal activities which constitute predicate offences for money laundering, and the punishments attaching thereto, are not necessarily uniform in all Member States. Therefore, these differences in the definitions of predicate offences in national law were found to be hindering international cooperation in criminal proceedings regarding money

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

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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

New Pembroke Reverse Osmosis Plant: €10.2 Million Tender Launched By Malta Water Services Corporation

The Water Services Corporation has issued a major tender for the design, construction and commissioning of a new reverse osmosis desalination plant in Pembroke, Malta, with a nominal capacity of 11,200 m³ per day. The procurement follows EU Directive 2014/25/EU procedures and requires the existing plant to remain operational throughout the project's 100-week completion period. Economic operators must navigate extensive technical requirements covering reverse-osmosis systems, electrical infrastructure,
MaltaGovernment, Public Sector
WH Partners
WH Partners
Article

Revision Of Malta’s FDI Rules: Key Takeaways

Malta's Parliament is considering significant amendments to its foreign direct investment screening framework through Bill No 172. The proposed changes aim to clarify notification requirements, define portfolio investment exclusions, and restructure the institutional framework governing the National Foreign Direct Investment Screening Office, bringing Malta's regime into closer alignment with EU regulations.
MaltaGovernment, Public Sector
Ganado Advocates
Ganado Advocates
Article

The EU’s Proposed Public Procurement Act: What Operators Need to Know

The European Union has proposed a comprehensive Public Procurement Act that would consolidate over fifty scattered provisions into a single Regulation, fundamentally transforming how public contracts are awarded across Member States. This reform introduces flexible procurement procedures, digital marketplace integration, and a mandatory emphasis on quality over price, while implementing new security requirements and reducing barriers for SMEs. With public procurement representing 15% of EU GDP, these change
MaltaGovernment, Public Sector
WH Partners
WH Partners
Article

Redevelopment Of Malta Film Studios: €744 Million Concession Launched

The concession, issued under reference MFC/1/2026, will be awarded on a build, finance, operate and transfer (“BFOT”) basis. The successful tenderer will be responsible for financing and developing new film-production facilities on a site measuring approximately 92,400 square metres, operating the studios throughout the concession period and transferring the facilities back to the contracting authority upon its expiry.
MaltaGovernment, Public Sector
WH Partners
WH Partners
Article

CRD VI And Cross-Border Lending: What Third-Country Credit Institutions Need To Know

The European Union's Sixth Capital Requirements Directive introduces a groundbreaking EU-wide framework requiring third-country credit institutions to establish authorised branches when providing core banking services within the EU. This new regime, effective January 2027, replaces the previous patchwork of national rules with harmonised supervisory standards, though several exemptions and transitional protections apply to existing arrangements.
MaltaFinance and Banking
Camilleri Preziosi
Camilleri Preziosi