Adapting to New Threats in Money Laundering and Terrorist Financing: MLD5

The Fifth Anti-Money Laundering Directive (“MLD5”) was published in the EU’s Official Journal on 19 June 2018 (here).  MLD5 seeks to further strengthen and adapt the EU’s anti-money laundering and counter-terrorist financing (“AML/CTF”) framework for combatting money laundering and terrorist financing. It follows hot on the heels of the Fourth Money Laundering Directive (“MLD4”), which is currently being transposed into Irish law (see our related briefing here).