Financial crime and sanctions

This subtopic contains the following documents:

Practice Notes

1. •

   Introduction to the EU AML/CTF legal and regulatory framework for financial services—this Practice Note focuses on the elements of the European Union’s anti-money laundering (AML) and counter-terrorist financing (CTF) legal and regulatory framework as it applies to financial services firms, covering: the Fourth Money Laundering Directive (MLD4); the Fifth Money Laundering Directive (MLD5); the Directive combatting money laundering through criminal law; the Recast EU Wire Transfer Regulation (Recast EU WTR2); European Banking Authority (EBA) Guidance on AML/CTF; and European proposals and measures on AML/CTF, including the European Commission’s Action Plan for a Comprehensive EU Policy on Preventing Money Laundering and Terrorist Financing and the EU’s central AML/CTF database, EuReCA. It also summarises key actors involved in European AML/CTF supervision and enforcement

2. •

   EU MLD5—key provisions for financial services firms—one minute guide—this Practice Note outlines the key provisions of MLD5 which was published in the Official Journal of the EU on 19 June 2018 which amended MLD4

3. •

   EU MLD4—key provisions for financial services firms—one minute guide—this one minute guide summarises the key provisions