The Presidency of the Council of the EU has announced that it has reached political agreement with the European Parliament on the proposed Fourth Money Laundering Directive and the proposed Regulation to amend and replace the Regulation on information on the payer accompanying transfer of funds.
The approved texts, which the Presidency has commented go “well beyond” the Financial Action Task Force’s 2012 recommendations, have not yet been made publicly available.
View Money laundering: Parliament and Council agree on advanced standards and central registers, 17 December 2014