Implications of the New E.U. AML Directive

New European Union anti-money laundering legislation seeks to strengthen and harmonize regulations across the 27 Member States. It also means a new authority will be created to combat money laundering, with the power to supervise the highest-risk financial players directly and to support and coordinate various countries’ financial intelligence units. The package is intended to beef up transaction monitoring and eliminate loopholes. This article examines the implications for international business. See “Progress and Challenges in Implementation of Anti-Money Laundering Act of 2020” (Jun. 21, 2023).

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