4th AMLD 2015, Transposing Jun 2017: Risk-Based Approach & Tax Havens
The 4th Directive, which came into force on June 26, 2015 was designed to bring a more robust risk-based approach to the prevention of money laundering and terrorist financing across all Member States of the European Union.
The Directive includes some fundamental changes to the anti-money laundering procedures, including changes to CDD, a central register for beneficial owners and a focus on risk assessments. However, with proper preparation and training, the transition to the new regime should be seamless for most firms.
For more information on the EU AML Directives and how they can affect you and your business, please contact us on [email protected]