Here at Last - The Fourth Money Laundering Directive

On 5 June 2015 the Directive on the prevention of the use of the financial system for the purposes of money laundering and terrorist financing (“MLD4”) was finally published in the EU’s Official Journal. This Directive seeks to strengthen the EU’s anti-money laundering framework and in doing so recasts and replaces the Third Money Laundering Directive (“MLD3”) which sets out the existing rules for combatting money laundering and terrorist financing. This Q&A focuses on the main changes introduced by MLD4, as compared to MLD3, and the consequences of those changes for credit and financial institutions.

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