The EU Parliament’s committee on economic and monetary affairs has issued its draft report on the Commission’s proposals for amendments to the fourth anti-money laundering directive, as part of its action plan against terrorist financing, which the member states have committed to implementing by the end of 2016. The proposed measures include: full public access to beneficial ownership registers and interconnection of these registers; due diligence controls on virtual currencies and pre-paid cards; and extended powers for financial intelligence units.
The report sets out a number of amendments to the Commission’s original proposal, published on 5 July 2016. The text will now go forward for agreement by the Council. See here.
The EU Parliament’s committee on economic and monetary affairs has issued its draft report on the Commission’s proposals for amendments to the fourth anti-money laundering directive, as part of its action plan against terrorist financing, which the member states have committed to implementing by the end of 2016. The proposed measures include: full public access to beneficial ownership registers and interconnection of these registers; due diligence controls on virtual currencies and pre-paid cards; and extended powers for financial intelligence units.
The report sets out a number of amendments to the Commission’s original proposal, published on 5 July 2016. The text will now go forward for agreement by the Council. See here.
