The EU’s Fourth Money Laundering Directive

picture1

The sequel to the Third Money Laundering Directive (3MLD), in force since 2005, will finally be released, over a decade later — but ahead of schedule. The deadline for transposition of the Fourth Money Laundering Directive (4MLD) by Member States has been moved from June 26, 2017 to January 1, 2017. Subject persons, now known as “obliged entities,” will need to prepare themselves for this early transposition date by ensuring that their internal policies have taken the latest additions brought forward by this new directive into account.

Continue Reading