Paris has officially announced its bid to host the new European Anti-Money Laundering Authority (AMLA) and its staff. The French capital is already home to the Financial Action Task Force (FATF) and the European Banking Authority (EBA), and the city’s… Read More ›

European Commission
Financial services providers, importers and exporters could face criminal charges for breaching EU restrictive measures
Providers of financial services such as loans and credit as well as importers and exporters who participate in activities sanctioned or otherwise prohibited or restricted by the European Union (EU) could face criminal charges if a proposal by the European… Read More ›
EC proposal to end misuse of shell entities in EU for tax purposes could reveal those used in trade-based financial crimes
The European Commission (EC) has published Anti-Tax Avoidance Directive 3 (ATAD 3) laying down rules to prevent the misuse of shell entities for improper tax purposes throughout the European Union (EU). While the directive aims to clamp down on the… Read More ›
European parliament calls for an EU FIU and more funding for AML efforts
The European Commission has presented an ambitious package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules, which includes the creation of a new EU authority to fight money laundering… Read More ›
New authority plans to establish EU-level AML/CFT supervision and coordinate FIU efforts
A new European Union (EU) authority to fight money laundering will likely oversee the establishment of EU-level anti-money laundering and counter financing of terrorism (AML/CFT) supervision if a package of four legislative proposals to strengthen the union’s (AML/CFT) rules is… Read More ›
New EU AML Authority centrepiece in European Commission’s ambitious AML/CFT proposals
The European Commission presented yesterday a package of four legislative proposals to strengthen the European Union’s (EU’s) anti-money laundering and counter financing of terrorism (AML/CFT) rules. The package includes a proposal for the creation of a new EU authority to fight money… Read More ›
Traders in art, precious stones and metals in focus in new EU AML/CFT package
Traders in precious stones and metals, works of art, and businesses storing, trading or acting as intermediaries in the trade of works of art in free zones or customs warehouses are specifically contemplated in proposals disclosed yesterday by the European… Read More ›
UK follows EU suit to name 21 high-risk countries matching FATF list
The UK has named 21 high-risk countries in the first anti-money laundering and combatting the financing of terrorism (AML/CFT) regulations framed by the country since Brexit when it withdrew from the EU. The new regulations naming the high-risk countries, which… Read More ›