As of 3rd, December 2020 the European Union’s Sixth Anti-Money Laundering Directive (AMLD6) is now in effect for all member states. Stricter than its predecessors, AMLD6 introduces a larger responsibility on regulated entities to fight money laundering. What exactly changes this time around and how will your organisation find itself affected? What action can you take to ensure your AMLD6 compliance? In this article, we’re answering all the most frequently asked questions about the European Union’s sixth anti-money laundering AMLD6, including the key highlights you need to know.
What exactly changes this time around and how will your organisation find itself affected? What action can you take to ensure your AMLD6 compliance? In this article, we’re answering all the most frequently asked questions about the European Union’s sixth anti-money laundering AMLD6, including the key highlights you need to know.
When does AMLD6 come into effect?
AMLD6 must be transposed into national law by 3rd December 2020 and implemented by regulated entities within member states by 3rd June 2021.
What makes AMLD6 important?