5th Anti-Money Laundering Directive Video
As a result of a series of terror attacks and the "Panama Papers" scandal, the European Commission decided to amend the 4th Anti-Money Laundering Directive (4th AMLD) in June 2016. The commission proposal outlined the needs for the amendment, particularly to stop the financing of terrorist groups and their activities. After lengthy negotiations, an agreement was reached between the European Council and the European Parliament, resulting in the final text of the 5th AMLD being published on April 20, 2018.
This video discusses the main provisions of the 5th AMLD compared with the previous directive, as well as providing information on what the 5th AMLD will mean for organisations.
For more information on the 5th AMLD, visit GamblingCompliance's Anti-Money Laundering Portal here.