EU member states must comply with new regulations in the 5th Anti-Money Laundering Directive, which comes into effect on January 10, 2020.
However, the directive will reach far and wide, with its impact being felt far beyond just the EU.
With the 5th EU AML Directive, we are entering a new era of regulatory oversight, one that will include virtual currencies and pre-paid cards. The latest Directive puts more pressure on organisations to enhance their due diligence processes. These tighter controls are destined to change the way organisations operate.
Want to know more? Download our latest white paper on the 5th AML Directive, “New measures to strengthen prevention of money laundering and terrorism financing”, which looks at the principles of the 5th AML Directive, the key changes, and why these matter.