‘Anti-Money Laundering’

During May the EU Council adopted the 5th anti-money laundering Directive. EU Member States have 18 months in which to transpose the Directive into national law. Meanwhile, there is talk of a 6th Directive. The European Parliament’s special tax committee is continuing its programme of hearings and workshops to highlight anti-money laundering and aggressive tax planning practices throughout the EU and its territories.

In Paris, the Financial Action Task Force (FATF), has started the process of updating its 2008 guidelines on the risk-based approach for the legal profession.

For more information, please contact the secretariat here.