26 Feb 2019
With its publication in the Official Journal of the European Union in late 2018, the Sixth EU Anti-Money Laundering Directive (6AMLD) is now on its way.
Member-states have until December 2020 to transpose the directive into domestic law—an effort that would standardize criteria across the economic bloc for when predicate offences can give rise to money laundering charges and related criminal sanctions.
Under the directive, compliant EU nations will adopt a list of 22 predicate crimes to which money laundering charges can be appended, including “counterfeiting and piracy of products,” smuggling and cybercrime. For the first time, member-states must outlaw so-called “self laundering,” a term describing when individuals use the proceeds of their own criminal acts for entrepreneurial purposes.
Read the full article here
You can claim CPD minutes for this content, by signing up to our CPD WalletFREE CPD Wallet