EU Introduces Sweeping Anti-Money Laundering Reforms

On 24 April 2024, the European Parliament enacted a comprehensive Anti-Money Laundering (AML) Package, formally published on 19 June. This legislation significantly enhances the EU’s arsenal against financial crime. The AML Package comprises three key elements: Sixth Anti-Money Laundering Directive: This directive outlines member state obligations to prevent the financial system from being exploited for […]

Read more