Abstract:

On 19th April 2018, the European Commission, the European Parliament and the Council of the European Union agreed adopted, in plenary, the amendment of the Fourth EU Anti Money Laundering Directive, which was the initial version of the EU Fifth Anti-Money Laundering Directive (EU) 2018/843 (AMLD V). Revised directive concludes almost two year of negotiations between several stakeholders. Its purpose is to strengthen and improve effectiveness of AML framework in the European Union to prevent and fight illegal financial dealing like those uncovered in the “Panama Papers” during 2016.